[ubuntu] V newbie question

Hi.

Complete virtualization newbie question.

I got some new (desktop) hardware, Intel Core i7 3770K on Gigabyte GA-Z77X-UD5H, on which I would like to run tests with VMs.

Is it possible to run Ubuntu server together (!) with Windows 7 using the motherboards Intel Virtualization Technology? I would like to be able to switch between both worlds without being obliged to shutdown OS1 and reboot OS2 afterwards.

If possible, is there a guide somewhere how to setup such a box.

Thanks,