To start I had a Hackintosh as per the instructions from Lifehacker.com before and moved everything to a new 2010 8 Core Mac Pro. I opted for a restore from the time machine backup rather than using the migration assistance. I believe this may have caused more problems but one in particular is the lack of VT-x support. When I checked Parallels Desktop under "Host Hardware" information, I get the following that shows that VT-x isn't enabled.

   <Cpu dyn_lists="">
  <Number>16</Number>
  <Model>Intel(R) Xeon(R) CPU E5620 @ 2.40GHz</Model>
  <Mode>1</Mode>
  <Speed>2400</Speed>
  <VtxEnabled>0</VtxEnabled>
  <VtxMode>1</VtxMode>

1) Does Parallels Desktop support using VT-x?

2) Does this setting show that my VT-x isn't enabled?

3) Is there a way of fixing it so that it is enabled?

4) Is there a way of using my Time Machine backup as if I'm doing a restore using migration assistance and just restore the files and settings?