For the license issue, you will have to purchase more Windows license for teh virtual machines. bare metal is not as efficient as you would think. Hosted virtualization might performing better. If you look at Xen/ESX, the device emulation is still needed to be done using some host services. So guest still goes to hypervisor, then redirected to dom0 or another layer for processing, could be even slower. This is a rather interesting debate, I don't want to go too far
As for pic, we don't want to reveal it yet, it's small device, less than 300g, 7cm long, with display output, audio in/out, keyboard, moust ports, etc.