I also consider to install a dual-boot: in case of a 500 GB HD: Windows 7 with 380 GB, and a smaller 120 GB partition with XP for games that may not work otherwise, especially FS9 on my mind.
Does that XP partition also include all XP-run software like FS9, or can it also run sodftware on the other (W7) partitions? Does the AntiVir, Firewall etc that I install on one of the W7 partitions also pürotect software that operates under the XP installation? If not and all guards must be installed on both XP and W7 partition, what about the license keys then? Do they work with two installations on one machine?
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