Is NTFS resizing safe nowadays?

[Phill MV]

Hullo.
I have an extra Windows machine on which I'm running 'buntu inside vmware.
It's acceptable, but a bit overkill as I plan to do lots of dev work inside
of it.
Unfortunately, my company's corporate reimaging policy is... a bit tough, so
I'd very much like to not kill the windows install.

>From what I gather, this means Wubi, or shrinking the NTFS partition.
Wubi's attractive, but I don't want to put with unnecessary performance
hits.

So, in a nutshell, is (defragging first and) resizing NTFS partitions safe
nowadays?
Last time I looked into it was before I switched full time to Linux back in
'03.

Thanks a lot, folks.
Phill
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