From SharePoint blog ...
Today we’re excited to announce support and licensing updates for Microsoft SharePoint Server 2007 SP1 and Windows SharePoint Services 3.0 SP1 running in virtual machines. This is part of a larger announcement affecting multiple Microsoft products, including Exchange Server, SQL Server and SharePoint Server.
As of today, we formally support SharePoint Server 2007 SP1 and Windows SharePoint Services 3.0 SP1 running under Hyper-V through our normal support channels.
In addition, we now offer support for SharePoint Server 2007 SP1 and Windows SharePoint Services 3.0 SP1 running in 3rd party virtualization software that is certified through our Server Virtualization Validation Program (SVVP). The SVVP is an opt-in program that non-Microsoft virtualization providers can choose to participate in. A list of participating vendors is here.
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