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greg: Yep, any intel chip from the Core2Duo onwards supports VT (virtualisation technology). To set up Win XP mode, you just need to download and install the addition - but it will only work with Win 7 Pro or Ultimate.
Photoshop CS2 is partially supported by Win 7 - not all software in the suite will work, but fortunately there is CS3 and 4, both of which work just fine!
LED Screens, as Tandum says, are worth getting as well. They're better on battery, thinner and brighter. Viewing angle is more about the quality of LCD panel, and the type of coating on it (glossy screens have wider viewing angles and better contrast than matt ones) than LED, but you're most likely going to get a glossy screen that is LED backlit - so there is some correlation there.
At the moment, the only companies that will guarantee you an LED screen as standard with any laptop are Apple and Dell. Most other companies have them though, but it's just a matter of checking before you purchase.
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