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Jim NicolisFlag for Australia

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Moving to New Versions of Windows Server 2012 and need advice

We have 3 servers. A Windows Server 2003 Domain Controller / Fileserver, a Windows 2003 Server Running Exchange 2003 and a Windows Server 2008 being used as a terminal server. We wish to upgrade to Windows  server 2012 R2. All 3 current Windows Servers are  already running as VM's on  VMWARE ESXI 5.1. I have learnt that Windows Server 2012 R2 Standard  gives you a further 2 VM Licenses.

My questions is, is this limited to HYPER-V or can I create 2 Windows Server 2012 VM's
under vmware with no loss of entitlements ?

What are the pro's and cons.

I am familiar with VMWARE but not HYPER-V.

I need to be able to replicate and do stuff like Fault Tolerance, Replicas Etc. does HYPER-V
provide these functions?

Any advice appreciated.
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arnold
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We have a HP Proliant DL380 G7 With Twin Core CPU's running at 2.93 GHZ
8 300GB SAS 10K Drives and 128GB RAM.

We also have 2 IBM X3650 Dual CPU 24 GB RAM Each 6 300GB SAS Drives

The question is can I use the 2 VM licenses and use them in a VMWARE environment
or can I only use these VM licenses in a HYPER-V environment only.
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