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Yes - just like vmWare for workstations except a large portion of it is open-sourced. It works just as good as vmWare for my use, and is less of a hassle to download (no registration required) and keep up to date (Sun has an apt repo for the Linux version, so mine just updates automatically).
3.1.2 (maintenance release) is out today! VMM: fixed SMP stability regression USB: fixed USB related host crashes on 64 bits Windows hosts ( #5237 ) Main: wrong default HWVirtExExclusive value for new VMs (bug #5664 ) Main: DVD passthrough setting was lost (bug #5681 ) VBoxManage: iSCSI disks do not...
I'm not sure if anyone else is using VirtualBox , Sun's free VM solution, but a noteworthy update was released today. Improvements mentioned in the changelog : Teleportation (aka live migration); migrate a live VM session from one host to another (see the manual for more information) VM states...