It is Vista-compatible and could replace the old Symantec/PowerQuest Partition Magic 8.5.
Express Key Features
Redistribute Unused Disk Space-
Gain additional space in an your existing partitions by easily resizing and moving partitions with through the smart Resize Wizard.
Organize and optimize your hard drive-
Add partitions with the highly intuitive Create Partition Wizard. Leave a core partition to host Windows and automatically create a new partition for work and data files in a logical, intuitive place with Partition Manager Software.
Prepare your hard drive for backup-
Simplify the backup process by separating your data from your Operating System. A structured approach allows you to have a separate location for your OS, your data, and your backups.
Dual boot user systems-
Many applications still don't work with Vista, so why not keep a copy of Windows XP? With separate drive partitions, you can install several operating systems and have a choice on startup.
Edit: the download link from Paragon seems to be broken. Here is a backup link :