VMware today announced the October 27th launch of VMware Fusion 3, a significant update to the company’s virtualization solution that allows Mac users to run Windows applications right alongside OS X applications. The new version reportedly brings over 50 new features and improvements, including Snow Leopard optimization and full Windows 7 compatibility.

Key highlights include:

- Optimized for Snow Leopard. Built from the ground up for the Mac, VMware Fusion 3 leverages Mac OS X Snow Leopard’s advanced architecture with a new 64-bit core engine and native support for the 64-bit kernel, delivering even better Windows on Mac performance.

- Ultimate Windows 7 Experience. VMware Fusion 3 will be the first to enable the full Windows 7 experience, side-by-side with your Mac, complete with Windows Aero and Flip 3D.

- Switching Made Easy. VMware Fusion 3 will make it easy for users to bring their entire PC to their Mac in a few easy steps – wirelessly or with a simple Ethernet cable – allowing customers to protect investments in existing Windows software, and to keep using the programs they still need.

- Best-in-Class 3D Graphics. Support for OpenGL 2.1 and DirectX 9.0c Shader Model 3 will enable users to run their favorite 3D Windows games and applications – all without rebooting.

VMware Fusion 3 is now available for pre-order at a suggested price of $79.99, with upgrading pricing of $39.99 available to current VMware Fusion users.

Check out Vmware Fusion 3.