It’s not so much a matter of if Microsoft rewrites Virtual PC for the G5, but when.

On August 12 Microsoft completed the acquisition of Virtual PC from longtime Mac-favorite company, Connectix. This is the company that over the years brought Mac users innovative products such as RAM Doubler, and the round, beige, QuickCam before the iSight was ever a twinkle in Apple’s eye.

When I learned of the Virtual PC sale to Microsoft, I was as sad for the loss of one of my favorite Apple innovators as I was concerned for the future of Windows emulation on OS X. Connectix will remain one of my all time favorite Mac companies.

And now the ball is in Microsoft’s court. Will the Mac Business Unit receive the resources it needs to keep Virtual PC on the fast track of Apple innovation, or will it become the ignored child that many of us feared it might when handed over to its new foster parents?

Over the last three years I’ve had a lot of respect for the Mac BU. They stepped up to the plate with Internet Explorer and Office X while many Mac developers dragged their feet concerning OS X app development. There was no love involved then; it was a financial decision.

These days, I think Virtual PC is a good business opportunity for Microsoft. Along with Office X, it could be one of the products that grows with Apple. I just hope they think so too.