Microsoft has released a evaluation of System Center Virtual Machine Manager 2012 beta

System Center Virtual Machine Manager 2012 delivers industry leading fabric managment, virtual machine management and services deployment in private cloud environments. Virtual Machine Manager 2012 offers key new features that include hypervisor creation and management, network management, storage management, private cloud creation, self-service usage and service creation. It features deep investments in server application virtualization, service design and service modeling all of which can be used to efficiently offer an on-premises private cloud.

Feature Summary
Fabric Management
Hyper-V and Cluster Lifecycle Management – Deploy Hyper-V to bare metal server, create Hyper-V clusters, orchestrate patching of a Hyper-V Cluster
Third Party Virtualization Platforms - Add and Manage Citrix XenServer and VMware ESX Hosts and Clusters
Network Management – Manage IP Address Pools, MAC Address Pools and Load Balancers
Storage Management – Classify storage, Manage Storage Pools and LUNs
Resource Optimization
Dynamic Optimization – proactively balance the load of VMs across a cluster
Power Optimization – schedule power savings to use the right number of hosts to run your workloads – power the rest off until they are needed
PRO – integrate with System Center Operations Manager to respond to application-level performance monitors
Cloud Management
Abstract server, network and storage resources into private clouds
Delegate access to private clouds with control of capacity, capabilities and user quotas
Enable self-service usage for application administrator to author, deploy, manage and decommission applications in the private cloud
Service Lifecycle Management
Define service templates to create sets of connected virtual machines, os images and applica tion packages
Compose operating system images and applications during service deployment
Scale out the number of virtual machines in a service
Service performance and health monitoring integrated with System Center Operations Manager
Decouple OS image and application updates through image-based servicing
Leverage powerful application virtualization technologies such as Server App-V

VMM 2012 Beta Eval
VMM 2012 Beta Eval (VHD)