Announced today over on the Virtualization Team Blog, Microsoft Hyper-V Server 2008 R2, the “stand-alone” version of Hyper-V will include Live Migration and host clustering capabilities. It will continue to be a free download.

With support for the advanced feature set, this will open up a lot more deployment scenarios. Also available in the post from the team are the beta downloads for both Hyper-V Server 2008 R2 as well as Virtual Machine Manager 2008 R2. I’ve been using both in my lab and so far haven’t encountered any major issues.