Full version vs OEM ?

I am about to buy windows vista home premium i cant decide on which to get though the Full Version priced at $195 or the OEM priced at $95.
Questions
1.my real question is what are the differences between these too?
2.I heard OEM can only be used to install once, so will it be possible for me to reinstall the OEM if i need or want to one the same computer?
3.With the OEM version can i run Windows with Bootcamp and then run the same version in Parallels?
4.Basically can I use the OEM more than once on the same computer?

Another difference between the retail an OEM versions I believe, is that the OEM version contains either a 32bit version or a 64bit version but not both.
The retail version has both allowing you to later change your mind and reinstall the other option.
The main issue I would worry about is that if you think you are going to regularly upgrade your computer, then the OEM version would have to be replaced each time (it is tied to a single logic board - the one you first install on), whereas the retail version can be uninstalled and moved to a new machine (the license allows you to do this). If you might only change once then the much cheaper price of the OEM version means you could afford to buy two copies, if you might change three times, then it might become cheaper to have the retail version.
Hardcore gamers, who constantly rebuild their custom machines would probably benefit from getting the retail version.

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