Beta 2 of System Center Virtual Machine Manager was posted to connect.microsoft.com last night. Here is the link. Some highlights from the connect site:

What is Virtual Machine Manager? 

Microsoft System Center Virtual Machine Manager 2007 is a server application used to manage a virtualized data center running Microsoft Virtual Server 2005 R2 and R2 SP1. Virtual Machine Manager is tightly integrated in the System Center family of products, and together these products provide comprehensive management of physical and virtual environments.

Where can I find more information about Virtual Machine Manager? 

Documentation for Virtual Machine Manager Beta 2 can be found on the connect.microsoft.com Web site, which requires Windows Live ID authentication. For Beta 2, the following resources are available:

· Virtual Machine Manager Beta 2 System Requirements (http://go.microsoft.com/fwlink/?LinkId=69926)

· Virtual Machine Manager Planning and Deployment Guide (http://go.microsoft.com/fwlink/?LinkId=69927)

What's new in Beta 2? 

You can read about the new features in SCVMM Beta 2 at (http://go.microsoft.com/fwlink/?LinkId=87357).