Hi Moe, I don't really know the details, just that people mentioned running it in these 2 threads:
http://moi3d.com/forum/index.php?webtag=MOI&msg=1284.71
http://moi3d.com/forum/index.php?webtag=MOI&msg=1103.17


In the Parallels forum here:
http://forums.parallels.com/showthread.php?t=12428&highlight=direct3d

Someone mentioned that the Direct3D emulation is turned off by default for some reason, so I think you need to turn it on.

Try looking for a "VM properties" or "VM config" screen / Video tab / then a Direct X checkbox to enable it.

Can you find anything like that in Parallels?

- Michael