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At our TechNet Event in Columbus, OH recently, Andy asked:
There is no limitation, Andy. I think some of the concerns people have are related to licensing. Can I really take a live virtual machine and move it freely between nodes in a cluster? The answer is, yes. Absolutely. Assuming you’re already licensed to run that virtual machine, you can migrate between nodes in a cluster as many times as you want.
CLICK HERE for more details on Hyper-V in Windows Server 2008 R2.
And if you’re comparing licensing options between Windows Server 2008 R2 Hyper-V and VMware vSphere 5, make sure you try out this virtualization cost calculator.