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Virtualbox actually allows you to create virtual machines, not just to run them.
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Well, VMWare Player wasn't able to create virtual machines before the release of Version 3. So I guess Virtualbox had a head start, since it's been around for years.
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Update: It turns out that VMWare Player can't make snapshots of a virtual machine (basically, restore points). Virtualbox has included this feature for a while, and it's pretty useful-- if you ever get a virus on your VM or mess up its boot files, you can always restore to a previous snapshot. So that's one thing.
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