Tonight I did a bigger P2V (physical 2 virtual) migration. I virtualized an older Windows Server 2003 SP1 with MS SQL Server 2005 and WSS 3.0. This can be used as a step by step how-to guide.

• First I created a Image of the old server with Symantec Backup Exec System Recovery 2010, this could be done online. I just stopped all the Sharepoint, SQL and Web Services so that no new data could be written in the time I created this Image.
• After I moved this Image to the Microsoft Hyper-V Host Server, I started to convert the v2i Image with Symantec Backup Exec System Recovery 2010 to a Microsoft VHD.
• I created a new Virtual Machine on the Hyper-V Server and added this existing VHD. (Important here: I tried to create the same Hardware environment for the VM which I had as physical Hardware before. (Dual Core with 2048MB memory) So I had basically no problem to start the Virtual Machine.
• Now its time to install the Hyper-v integration components (the VM Drivers) which can only be installed on Windows Server 2003 with SP2 or later. I turned off the Virtual Machine again and attached the VHD File offline on my Hyper-v Server, so I had file access to the Virtual Hard Disk. I simply added the Servicepack 2 file to the root of the VHD.
• After unmounting the VHD, I started my Virtual Machine again and installed the Servicepack 2 and the Hyper-v Integration components.
• Now I added more Hardware to the Virtual Machine (Quad-Core and 4GB memory). I also change the Legacy Network Adapters to normal Network Adapters (higher Network performance)

The performance of the new Hyper-v is just pretty impressive.