I still don't get it...
Q:
Does SBS 2008 licensing allow for virtualization? For example, Windows Server 2008 Standard Edition includes Hyper-V with a license to run one server operating system in Hyper-V?
A:
For SBS 2008 Standard Edition, you may run one instance of the server software on a physical or virtual machine, but not both.
For SBS 2008 Premium Edition, you can choose to run the “premium server” software on a second server,
You can run an instance of Windows Server 2008 Standard technologies on a physical or virtual machine (VM), and if you run on VM, you are allowed to run an additional instance on a physical machine in order to run hardware virtualization software; provide hardware virtualization services; or run software to manage and service operating system environments on the licensed server.
You can run any number of instances of SQL Server 2008 Standard Edition for Small Business in one physical or virtual machine, and it must be joined to the SBS domain.
Q:
What are the licensing rights for the second Windows Server in SBS 2008 Premium Edition? Do you allow virtual machines?
A:
Yes. You are granted a 1+1 license similar to a stand-alone Windows Server Standard license; that is, you may run one instance of the operating system on a physical or virtual machine. If you run on a virtual machine, you may run an additional instance of the operating system on a physical machine in order to run hardware virtualization software; provide hardware virtualization services; or run software to manage and service operating system environments on the licensed server.
Could someone try to make this a bit clearer to me ?
I'll be using Premium, so ;
1) Does it mean for the 1st server that you must run it either physically on a server OR on an existing windows-server and then in a VM ?
So no additional copy ?
2) Does it mean for the 2nd server that you are allowed to install the 2nd disc on a physical machine, create a VM and then install another copy ?
3) What does this mean ? 'You can run any number of instances of SQL Server 2008 Standard Edition for Small Business in one physical or virtual machine, and it must be joined to the SBS domain'
Thanks 
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Wouter
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