Add physical disk as a VM without imaging or altering the disk

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http://serverfault.com – Can I run Windows and Linux simultaneously from two separate hard drives whilst still being able to boot each individually? The scenario is as follows: I have two HDDs (SSDs in this case). One has an installation of Ubuntu 11.10 and the other has an installation of Windows 7. I have kept the two bootmanagers separate as I wish to maintain independence, thus I toggle the operating system I use at boot by manually selecting a different drive to boot from in BIOS. However, it would be amazing to run the physical disk that is not currently in use as a virtual machine, either running Windows from (HowTos)