Can i install two different JBoss versions ( JBoss 3.2.2 & JBoss 3.2.3) on the same JVM under different folders?
Yeah you can.
FYI
I have three jboss server running in same JVM (JDK142) on UNIX box (We have Jboss-3.2.3,jboss-3.2.5,Jboss 3.2.6)
Regards
Santosh