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Small Business Server (SBS) is a line of server operating systems targeted at small businesses by bundling the operating system with a number of other Microsoft products that would normally need to be purchased or licensed separately. The most notable inclusions are Exchange, SQL Server, SharePoint and ISA/TMG (Microsoft's firewall and proxy server).
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With the SBS 2011 Premium Add-on, you can run one instance of Windows Server 2008 R2 Standard technologies in a physical or virtual operating system environment (OSE).
If you run it in a virtual OSE, you are allowed to run an additional instance for the physical OSE in order to run hardware virtualization software, provide hardware virtualization services, or run software to manage and service virtual OSEs on the licensed server.
Source
http://social.technet.microsoft.com/wiki/contents/articles/8592.sbs-2011-premium-add-on-faq.aspx
Have you considered a different technology to tape, which is faster and more efficient, and quicker to restore virtual machines?
e.g. Veeam for Hyper-V
http://www.veeam.com/microsoft-hyper-v-server-backup-recovery-replication.html