Yes - I don't imagine that will work. Does your processor support 64 bit?
Sorry to contradict but I am fairly sure you are all wrong
I believe you can run a 64 bit guest on a 32 bit host as long as you have a 64 bit capable CPU.
Some info here http://www.virtualbox.org/manual/ch03.html
Any idea if there would be a problem if my OS is XP 32 and I install Win 7 64 on to VirtualBox?
TY