Can we Hibernate a Virtual PC, and then take that image and use it for "Super Fast Boot up (Wake up)"?

Can we Hibernate a Virtual PC, and then take that image and use it for "Super Fast Boot up (Wake up)"?

Since if we hibernate a PC, and "wake it up", it will be a super fast process (compared to Booting up XP from start, for example), so, can we Hibernate a Virtual PC, and then keep that image.vhd and then use it to "wake up" to XP?