To bring it down to a pragmatic level - 2 possibilities
(1) for purposes of the OEM license Microsoft considers a "PC" to be almost any
piece of hardware internal to a CPU. This would seem to have possibilities- maintain one
piece common to a "known licensed" machine and then it should work, provided the
other PC is not currently using the license.
(2) for a while anyway, if I recall correctly, MSFT policy was that a current product
license would allow you to install previous versions in lieu of it on a licensed machine.
If this is still true, you could aquire something along the lines of Windows 95 and
install DOS 3.3 (as a prior product) instead of the Windows 95. You could not, of course,
then install the 95 on another machine. MSFT was strangely quiet about *how* you would
get the prior versions if you didn't have media, but as far as I can see the license
is the important part.
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