Just seen the accompanying video on the bundle site, it does seem you can choose between licenses.
You should get a seperate email from MacUpdates with all your passwords too - its all in your account section on the website too though...
https://www.macupdate.com/members/purchases/
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Pretty sure you are not allowed to run the same license concurrently on two machines - virtual or not.
Either or I'm afraid.
Though the MAC address needs to be set properly or it'll keep deactivating between each.
And how does one do that? If one forces a MAC address in real Windows does it physically change the card, then OSX will see the new MAC and you have a vicious circle as if OSX uses the new one Parallels with make up a new virtual one.
Are you saying setting the physical card's MAC address inside Bootcamp with not change the MAC address in OSX (i.e. it's only in the OS and doesn't rewrite some EEPROM on the network card) So to stop activation requests all the time you you set the MAC code to the one that Parallels assigns it virtually when running in the Bootcamp mode?