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What is better, boot camp, fusion4 or parallels to install Windows 7?

Update:11-30Source: network consolidation
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What software is a better choice for installing/using windows on my macbook pro?

The Best Answer

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You forgot one. Oracle VirtualBox is free and mostly like Fusion or Parallels. Maybe a bit less refined, as it is a newer product, but functionally identical.
You will have to make a choice between convenience vs. performance. The virtualization option (Parallels/Fusion/VirtualBox) lets you run both systems at the same time, but with a performance handicap that may affect some heavy usage programs such as games. And since the guest systems are not running directly on bare hardware, some antipiracy or authentication measures may not work.
Running natively via BootCamp lets the system run on bare hardware with the maximum performance afforded by the Mac. However, it is an either/or propositiion; if you need anything on MacOS X, you need to reboot.
Personally, I've never had the need to max out the computer on Windows, so I'm quite happy running it virtualized. I'm currenty carring Win 2000, Win XP, Win 7 Enterprise and Win Server 2008 R2 virtual machines, together with RedHat Linux and Solaris 10 Unix instances.