Quote Originally Posted by Gogeta View Post
VirtualBox now supports OpenGL 3D hardware acceleration in 32-bit WinXP VMs. Direct3D support is being added in a future release. I haven't tested the feature, but it may be worth investigating.
vmware workstation 6.5 does that also

Support for DirectX 9.0c with Shader Model 2 3D graphics

but didn't try that out yet how good it is.