SCVM
On May 22nd, Microsoft announced the development of a new management product, System Center Virtual Machine Manager. At WinHEC, which ran May 23-25, Bill Gates and Bob Muglia detailed the product and Microsoft’s overall virtualization strategy.
System Center Virtual Machine Manager is a standalone server application used to manage a virtualized datacenter running either Virtual Server or Windows Server Virtualization. Virtual Machine Manager is tightly integrated in the System Center family of products and together they provide comprehensive management of physical and virtual environments.
See http://www.microsoft.com/scvmm for details.