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We have already demonstrated how to install and how to upgrade Hyper-V on a full installation of Windows Server 2008.
Server Core installation of Windows Server 2008 is the best choice for root/host partition, when running Hyper-V. It provides the smallest footprint, and allows you to achieve best performance for your guests/virtual machines.
In the following Step-by-Step video tutorial, you will see how to update a Core Server installation to Hyper-v RTM, and how to enable the Hyper-V server role.
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Dean