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Yes, it totally depends on what you are doing and how much RAM each VM needs (and how fast your storage is). My experience is that CPU is significantly underutilized in my environment. I figure a quad core CPU can handle maybe 100+ GB worth of machines. Obviously, most of my VMs are mostly idle. 
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Yes, it totally depends on what you are doing and how much RAM each VM needs (and how fast your storage is). My experience is that CPU is significantly underutilized in my environment. I figure a quad core CPU can handle maybe 100+ GB worth of machines. Obviously, most of my VMs are mostly idle.

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So, 32GB ram is my true bottleneck? <br />
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4GB For the server. &nbsp;2GB per VM = 14 VMs?
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So, 32GB ram is my true bottleneck?

4GB For the server.  2GB per VM = 14 VMs?

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Yes, Memory is *ALWAYS* the bottleneck.
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How many Hyper-V Virtual Servers can I fit into one server with Dual Quad Core CPUs and 32GB of RAM? &nbsp;
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How many Hyper-V Virtual Servers can I fit into one server with Dual Quad Core CPUs and 32GB of RAM?  

Microsoft Virtual Server was a virtualization solution that facilitated the creation of virtual machines on the Windows XP, Windows Vista and Windows Server 2003 operating systems. Virtual machines are created and managed through a web-based interface that relies on Internet Information Services (IIS) or through a Windows client application tool called VMRCplus. Features included Linux guest operating system support, Virtual Disk Precompactor, symmetric multiprocessing (SMP), x64 host operating system support, the ability to mount virtual hard drives on the host machine and additional operating systems support, including Windows Vista, and a volume shadow copy writer.

Microsoft Virtual Server

Microsoft server applications are those applications developed specifically, but not necessarily exclusively, on the Windows Server platform. In addition to well-known products like SQL Server, Exchange, Internet Information Services (IIS), Microsoft Dynamics, Forefront, Lync and Sharepoint, they include applications like Skype, BizTalk, Hyper-V, Groove and Commerce Server. Server applications are managed with the Microsoft System Center.