Virtual desktop- is it possible?

I'm on Windows 7 Ultimate X64. I built my gaming desktop, and my wife has a netbook. Her netbook isn't fast enough to play any of the games on Facebook at more than about 3 frames per second, so she is always on my desktop. I want to know if there is a way I can set up a virtual desktop on a second monitor so she can play her games on Facebook (with her own keyboard and mouse) while I'm playing a real game on the other monitor. I do realize the performance impact this would have, and I'm planning on adding a second 5750, and upgrading to and i7 870. The closest I've come to this is combining 2 screens through W7 and playing a windowed game on one with and Xbox controller. I can't play full screen, or use the keyboard or mouse.