Support for ESX 5 will be available in 7.1.0.3. This support will be parity
support, meaning that the features supported in ESX 4 will be supported, none
of the new features introduced in ESX 5 will be supported, those should be in
7.5.
As someone who has done a number of these conversions, they've gotten to be
pretty trivial since 6.x. Prior to 6.x they were a royal pain.
If you can preserve the same master server name, that will help.
In my experience, it was always easier to delete all the tape devices and
recreate