A colleague of mine who’s currently attending MMS2007 in San Diego attended a demo-session in which Microsoft showed their own conversion tool to perform P2V migrations. Read more in his post.
Microsoft will introduce V2V for VM ware
At MMS 2007 during a demo about System Center Virtualisation Manager the productmanager showed a wizard-driven P-2- V (Physical to Virtual) mechanism for Virtual Server based on Longhorn server. Kind of kinky was a option to do a VM ware to Virtual Server migration for all systems hosted on a VM solution to Longhorn based Virtual Server called Veridian.