I got the 3-year on site. Figure that way I can feel good about buying a pretty kickass laptop and knowing it'll be working when I finish law school.
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I could point you to specific point-by-point instructions on how to bypass the security in any of the 3 major exam software programs.
With VirtualPC for Windows running, someone could easily circumvent any controls put in place by exam software. Assuming that exam software prevents the kind of cheating you are proposing is naieve.
If you think exam software is going to stop someone who would be willing to risk their education by doing what you described, you might be going into the wrong field.