> I guess I'm more frighten by M$ lawyers than you are....:-) By us going to the effort to get it to pass the Windows Server hardware validation test, you should be on the same footing as running it in VMWare. There are caveats to using any virtualization solution in MS licensing for certain applications, but they are the same conditions as you hit with VMWare.
You still need a valid Windows license per virtual appliance, just like you do with VMWare. As John commented, most sites that are into large-scale Windows stuff bought a site license, and you report the license just like you do for deploying it in VMWare. It's just one more Windows instance that happens to be running on unusual hardware. (God, I hate comparing this to VMWare, but it's the clear comparison that Win-weenies get.)
