SCVMM Licencing information now available

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System Center Virtual Machine Manager (SCVMM) will be licensed as part of the Enterprise Edition of the System Management License (SML).

You can read more about System Center licensing at https://www.microsoft.com/systemcenter/howtobuy/faq.mspx 

The Enterprise SML is expected to be available in Q4 CY07, and pricing will be available closer to release.