Wine has nothing to do with virtualization.
False. Both are methods for running the software you want while still retaining the freedom to select an operating system.
It's a compatibility layer, nothing more.
False. It's a compatibility layer that might eliminate the need for you to use full-blown virtualization.
Yes, I am aware of the recursive acronym. I see it (and your comment) as exactly the kind of pendantry that is keeping many people from enjoying open source software. Fortunately I am able to see past it, and despite the name of the product, I am able to realize that Parallels and WINE can be used to meet the exact same needs.