Is it possible to run 2 different OS's on the same computer?
Absolutely! There are several ways to do this. The easiest, and where I tell everyone to start, is to try
Knoppix; it's free to download. Since it's CD-bootable (it runs from RAM and CD), no installation is necessary, yet it's a full Linux environment. See my signature for the link. The newest version has just been released. It can also be used as a slick
Debian installer and a Windows backup/rescue disc. In my opinion, Debian is a good choice. My current Linux install is from a Knoppix CD.
As far as multiple
installed OSes, there are a number of boot managers, the standard ones being
LiLo and
GRUB. You can find out more about these (and Linux in general) at
The Linux Documentation Project http://www.TLDP.org. There are also a number of other boot managers. For example, because of the exigencies of my particular setup, I use the
GAGBoot graphical boot manager from a floppy:
http://GAG.SourceForge.net. There are several others, as well.