I seriously doubt that will work.I have now found out about people downloading Windows virtual PC and running Windows XP through Windows 7. By doing this should my problems be solved?
The parallel port driver in Mach3 only works in 32bit versions of windows.
The only alternative to using a 32bit OS is to use an external motion controller, which eliminates the need for the parallel port driver.
There are probably about 20 of these devices available, but there is very little information available on some of them, especially the Chinese ones on Ebay.
The most popular by far is the Smoothstepper.
Be aware that all these devices use a plugin to communicate with Mach3, and the plugin may require the use of a specific version of Mach3 (but not always).
Several of the devices are listed here:
ArtSoft USA - Plugins