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The best thing about Pharlap is that it will run dll's like Windows.
Making shared libraries for VxWorks (*.out files) is quite an arduous process if you don't have Wind River software. The GNU toolchain, that used to be the free alternative, does not work on Windows Vista or 7, leaving those of use who have chosen to upgrade out of luck.
It would be great is LabVIEW could provide a way to compile *.out files from the Application Builder and thereby provide more complete support for development on the CompactRIO platform.