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AMD AND REDHAT have just done the so called impossible, and demonstrated VM live migration across CPU architectures - http://www.theinquirer.net/articles/printView/gb/inquirer/new...
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"The trick up till now has been to do the same thing between servers from different CPU vendors, it is the holy grail of virtualisation. Please note, there are about 37 holy grails of virtualisation at the moment, so this does not signal the end of days, just that the holy grail clock in Times Square dropped to 36." - nice tidbit :) ‎- silpol