For those frustrated with VirtualPC, can't afford it, or just hate major corporations, try plex86-- www.plex86.org . Open source virtualization for the poor man.
Ok, I'm stuck with a low-end 233 MHz AMD K6 (most pc technicians reminscient about the days spent with first class pentiums...I know how it feels first hand). Are there any alternatives to using the cited methods for running Privateer in native Windows? The game doesn't seem to work even in DOS...