My work computer is a Linux desktop with a Windows 7 virtual machine for Visual Studio and IE testing. I'm very picky, and I don't want to configure two Windows installs... but I can't think of a way to do this without running afoul of Windows activation.

I've already set up VirtualBox to run my VM off a physical hard drive, and grub isn't too hard to configure. But it'd be a waste of time without solving the activation problem.

Is there any way I can boot into a single install of Windows as a virtual machine and on actual hardware without having to reactivate (until I'm eventually flagged as a pirate) every time I switch between the two? Is there any MS-endorsed way to use a single installed license with two sets of hardware?