Have read through the P2V documentation and am encouraged that this might work. Can anyone confirm this?

Have a new system with an OEM Windows XP loaded. I want to P2V the XP, load Centos 5 as the native OS, install VMware Server then make the XP a guest OS on the same physical machine ( using VMware Server ) on which it was the originally the native OS.

While I believe this can be done technically, the real question is on how Microsoft's activation mechanism will treat the migration from being native to guest.

Would I have any difficulty logging in or using the guest XP afterwards?

Thanks in advance.