Windows Phone 8 SDK what a Big Time Flop
A machine running Windows 8 with SLAT enabled is required to be able to run these emulators.
This is what I got back from Parallels.
Time to move to VMWare Fusion
On VMWare site:
Hyper-VHyper-V has been added to the Workstation 9 guest operating system list. This enables customers to run Windows 8 with Hyper-V enabled, or install Hyper-V Server. This can be used for educational purposes or for building prototype Hybrid Clouds. This feature is NOT SUPPORTED and probably never will be. Microsoft does not support nesting of their hypervisor which makes it extremely difficult - if not impossible for VMware to fix issues that may occur in this configuration. For this reason, this capability has been implemented purely to see if we could do it!
CAUTION: DO NOT ATTEMPT TO RUN HYPER-V ON A VIRTUAL MACHINE IN PRODUCTION.
I asked Parallels if there are any plans to support this. They responded with:
I now have the Phone SDK running in VMware's unsupported environment. I still think is was a bad architectural decision to make Hyper-V a requirement. Some companies don't want Windows 8 on their desktops but do want us to develop Windows 8 Phone and Tablet apps.
Read this post on SLAT.