Yep, VMWare Fusion is the other one. There's actually several of them now, but I always go back to Parallels. They all work, more or less.
Definitely boot up XP and give DVDWS2 a run.
The trial is available at
http://www.corel.com/servlet/Satelli...=1204918457206 (MP2+WAV only, no AC3 support)
But buy it for only $99 from this link:
http://www.bhphotovideo.com/c/produc...3167/KBID/4166
That's the boxed version, better to have the actual install DVD.