As you may have seen, we recently released the Release Candidate for System Center Virtual Machine Manager 2008 R2. One of the most anticipated features of SCVMM 2008 R2 is Quick Storage Migration (QSM) which enables the migration of the storage of VM from one location to another. For example, suppose you have virtual machines on a leased SAN (SAN 1). The lease runs out and you decide to upgrade to a new SAN (SAN 2) with more capacity, better performance and additional capabilities. Quick Storage Migration allows you to move the virtual machine which resides on SAN 1 to SAN 2.
Full Article: Windows Virtualization