*Update*
Works indeed in Win7 64 VPC/XP Pro Sp3
Only problem: I had to disable "
PC Integration components" (Named VM Additions in the ol'VPC) to get the mouse working swell in the game. Can be hardware dependent.
I repeat: VPC/XP is not the same as XP mode, you need to create a new VM.
But as you have XP mode installed you automagically have VPC installed on your PC.