I had spent some serious time trying to get qemu-img to convert a parallels image to a more open standard, and thankfully, qemu-img now supports the parallels format!
$ qemu-img qemu-img version 0.9.1, Copyright (c) 2004-2008 Fabrice Bellard usage: qemu-img command [command options] QEMU disk image utility Command syntax: create [-e] [-6] [-b base_image] [-f fmt] filename [size] commit [-f fmt] filename convert [-c] [-e] [-6] [-f fmt] filename [filename2 [...]] [-O output_fmt] output_filename info [-f fmt] filename Command parameters: 'filename' is a disk image filename 'base_image' is the read-only disk image which is used as base for a copy on write image; the copy on write image only stores the modified data 'fmt' is the disk image format. It is guessed automatically in most cases 'size' is the disk image size in kilobytes. Optional suffixes 'M' (megabyte) and 'G' (gigabyte) are supported 'output_filename' is the destination disk image filename 'output_fmt' is the destination format '-c' indicates that target image must be compressed (qcow format only) '-e' indicates that the target image must be encrypted (qcow format only) '-6' indicates that the target image must use compatibility level 6 (vmdk format only) Supported format: parallels qcow2 vvfat vpc bochs dmg cloop vmdk qcow cow host_device raw
NTLDR is missing! Of course.... will this help?
Whether or not I get this working, this page is awesome!