You can attach each virtual machine running under the same instance of Virtual Server to a separate physical network and also isolate the virtual machine network traffic from the host, as follows:
To bind or unbind the Virtual Machine Network Service from a NIC:
Note: You can isolate virtual machine network traffic from the host at any time by unbinding Virtual Machine Network Services from the NIC used by the host. For more information about network isolation, see "Virtual network architecture" in the Virtual Server 2005 Administrator's Guide.
For general information about configuring networks for virtual machines, see "Accessing virtual networks from a virtual machine" and "Creating a virtual network" in the Virtual Server 2005 Administrator's Guide.