@mods: please put this in the developer's corner, thanks!
@Hopwood: you need to install the appropriate libusb driver in Windows for fastboot to work correctly. Make sure you followed the steps in the "noobs guide" (linked from the post that you linked to).
I personally never got this entire stuff to work correctly in a VirtualBox, so I had to use a native installation. And even then, all the drivers installation is a PITA under Windows. Anyway, it works for others in a VM, maybe you just need to double-check that the USB device is actually "forwarded" to the client. Or, you could simply try to run the native Linux fastboot (as root), without a VM.
Other than that, I'm afraid I can't be of much more help.
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