VirtualBox is an x86 emulator developed by innotek (bought by Sun/Oracle) comparable to VMware. A version called VirtualBox Open Source Edition (OSE) is freely available as Open Source Software under the terms of the GNU General Public License (GPL).
It is a relatively new program and still has some minor issues, but generally is reliable, stable and above all, very fast. It has been used successfully for installation tests with Debian Installer.
Install the relevant linux-headers and virtualbox-ose packages:
# aptitude install linux-headers-2.6-$(uname -r|sed 's,[^-]*-[^-]*-,,') virtualbox-ose
This will also install virtualbox-ose-dkms and other recommended packages. DKMS will build the VirtualBox OSE modules for your system.
VirtualBox OSE can now be started.
To not load the VirtualBox OSE modules at system startup, edit /etc/default/virtualbox-ose and set LOAD_VBOXDRV_MODULE to 0.