My perception was that it is a bit lighter than VirtualBox, and it worked very well so far for me. VBox had a couple of glitches when I was using it before.
I am saying this semi-seriously: have been using Linux as my primary OS on the desktop for the past 9 years, with half-year deflections to MacOS X and, lately, to Windows 7. But the fluxbox with 0-pixel borders and "focus follows mouse" had always dragged me back. Also in my latest experience, the perception was that Win7 on bare metal ran somewhat slower than Win7 under kvm.
With Windows, I used coLinux (http://colinux.org/). The MacOS X that I used was PPC-based, it was circa 2005, so no reasonable experience there - so if you're for freebies, I suppose VirtualBox is the only option (I just found this: http://www.kju-app.org/ - but since I don't have Mac, no way to see what it does).