"FWIW Your company should be providing you the means by which to run
this software and you not have to acquire XP... tell your boss to
provide the OS for you! :)"
I wish. I'm actually an independent contractor to this company and have to provide my own resources as part of the agreement I have with them. Not the best deal really, but for various reasons, I continue to work with them.
"Anyway obviously you haven't spent much time reading the documentation
and I say this because if you had you wouldn't have to ask this
question however yes you can run Windows XP x86 and you can run as many
Virtual Machines as you have the resources to."
I'm aware that I can run more than one virtual machine – I didn't make that clear. Its just the part about running a 32-bit OS on a computer based on 64-bity Intel that I'm not sure about. "x86" means 32-bit, right?