Is there anyway to put Windows XP on a new iMac running Lion?

Purchased new iMac, 27 inch, with Lion OS. Bootcamp 4 only works with Windows 7, right? Will Bootcamp 3 run on Lion OS? Parallels 6 does not work correctly with Quicken. Does anyone know if Parallels 7 will work better, or do I have to buy a copy of Windows 7?

You can run XP in Parallels but you need Parallels 7.x. But you can only install Windows 7 via Boot Camp.

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