Unfortunately not, as XPM won't allow you to load XP drivers for hardware in your machine, as it runs in a virtual environment. Hardware Virtualization isn't that advanced yet.
However, some people have had success getting this SCSI card working in Windows 7!

I don't normally like posting links to other forums, but in this case all the information is well presented by a posted on there :
http://www.planetamd64.com/index.php...pic=35074&st=0
Following those instructions may get it working for you in Windows 7.