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Rumors are that Apple is going to license Leopard to run in VMs but only on Apple hardware.

Both VMware and Parallels have said their new products will be fully supporting OS X virtualization. So even if it isn't by the book with Apple's licensing, it won't be any great impediment. At least, no more than virtualizing Vista in ways that M$ says you can't.

It's just not a big issue. Everyone that wants to will be able to. Will you be able to publish it and such? Well, no. But plenty of sites are already passing around OS X that can boot on commodity PCs and there are plenty of Vista virtual machines floating around already. I think you should be discreet but you aren't really shackled by these user agreements. Generally, Microsoft and Apple are smart enough to avoid litigating these opening-the-package-means-you-accept-whatever agreements. That's because they know how dubious their prospects really are in court.

t's just not a big issue.

It obviously is if you're actually a "big" shop and follow licensing legally. Hopefully they will allow it in the near future, but your recommendation to in the meantime basically ignore the license and download hackware from foreigners might cost someone their job where I work. Where lots of others work too I'm sure.

I have a copy of VMWared OSX that I have let my wife play with so that she can get familiar with it before we get her a Mac. I must admit that when it is in full-screen mode, it looks really cool on my dell laptop :-)