Echoing a similar blog post from my SharePoint colleagues: Microsoft Virtualization: Best Choice for SharePoint; this is especially true with the recent release of Windows Server 2008 R2 Hyper-V.
Related posts I wrote in the past:
- Project Server and SharePoint Server Virtualization
- Announcing 20-Part Webcast Series on Microsoft Virtualization Solutions
- Running SQL Server 2008 in Hyper-V Environment
- SharePoint Server performance and capacity requirements for Hyper-V
and yes we will have a Project Server virtualization session covering this topic at our upcoming Phoenix Conference.