> z/OS 64-bit implies no expanded storage.  Is z/VM different in that regard?

It's an LPAR-level option.  From the z800 Announcement:

o   Single Storage Pool

    The  single  storage  pool function is provided on z800 general-purpose
    models.   With this  function,  all  physical  storage  is  dynamically
    designated  by  LPAR  as  either central storage or expanded storage as
    requirements of active logical partitions dictate.

    As a result, the need  to  pre  designate  storage  as  either  central
    storage  or expanded storage prior to IML into LPAR mode on the Storage
    Page of the RESET Profile panel is no longer necessary and is no longer
    provided.   The system programmer  now  has  greater  flexibility  when
    planning  the  division  of  storage  in  order  to satisfy anticipated
    logical partition definitions.

    Without this function, a non-optimum designation of  storage  might  be
    made  in  order to accommodate a range of logical partition definitions
    that typically vary from time to time. Single storage pool  streamlines
    the  planning  effort  for  any configuration as the need arises.  This
    function aids  in  the  migration  from  31-bit  OS/390  where  logical
    partitions are, at most, 2 GB of central storage plus optional expanded
    storage,  to  64  bit  z/OS,  where logical partitions use only central
    storage and no expanded storage.

--
  Phil Payne
  http://www.isham-research.com
  +44 7785 302 803
  +49 173 6242039

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