The whole point of "virtual" is that you should abandon the idea of physical hardware.
Like Mirtheil I'm a regular user of VMware, but Microsofts implementation shouldn't be that much different as I suspect they did a lot of borrowing as usual. By default the virtual PC is more or less independant from the host machine and only uses up disk space and memory. To share additional resources or services between the two it is possible to install linking software such as the VMware tools which allows for drag-and-drop etcetera. I don't have a clue how this works but it has always appeared sluggish to me and I've stopped using it years ago.
VMware offers two methods to create networking for the virtual PC(s). You can either use a host-only virtual network where the host acts as a DHCP server or you can connect to the physical network interface card. Both methods will make the virtual PC just another machine on the network (only at lightning speed) and provide access to the hosts shared folders and printers. Pervasive PSQL will have absolutely no problem running in this environment and it offers a lot better security as well.