Parallels announced the final release of their Desktop 3.0 for Mac, a virtualization software thanks to which Mac users may run Windows, Linux, and any other operating system at the same time as OS X on a single Mac desktop, without rebooting.

The new version introduces 50 new features and improvements such as SmartSelect, a powerful new feature that lets users use any OS X or Windows application to open any file type, regardless of whether that file is on the Mac or Windows desktop.

“This new version is an important milestone for us helping computer users get the best of all operating systems on a single, seamless desktop,” said Nick Dobrovolskiy, CEO of Parallels, Inc. “With new features that deliver more flexibility, increased security and peace-of-mind, working with multiple operating systems has never been easier, safer, or more fun.”

Parallels Desktop 3.0 offers also fgeatures like Snapshots: An important new security and backup tool that makes Parallels virtual machines “bulletproof”, Security Manager: A built in management tool that helps users customize the level of interaction between Windows and OS X, including how and when files can be shared between OSes, Hardware-Accelerated 3D Graphics, and Vista Boot Camp Support.