Virtual PC 2007 setup links

For other windows OS as a guest
http://arcanecode.wordpress.com/2006/09/20/virtual-pc-step-by-step/

For ubuntu
http://arcanecode.wordpress.com/2007/02/26/installing-ubuntu-610-on-virtual-pc-2007-step-by-step/
For Suse
http://blogs.technet.com/seanearp/archive/2007/03/11/opensuse-10-2-in-virtual-pc-2007.aspx

and before anything download from Microsoft site
http://www.microsoft.com/windows/products/winfamily/virtualpc/overview.mspx

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PS:

These links are useful if you want to use the “Snapshot Manager” concept of VMWare. In VPC it is called Differencing.

http://blogs.msdn.com/donsmith/archive/2005/06/16/429700.aspx
http://addicted-to-it.blogspot.com/2005/06/virtual-pc-using-differencing-disks-to.html