SolarWinds did a very good job at comparing Hyper-V and vSphere. The views are unbiased and independent. The upcoming Hyper-V 3.0 in Windows Server 2012 are also briefly covered. Here're the links:
Microsoft also did a comparison (of course - from Microsoft's perspectives):
And so did VMWare:
Both Microsoft and VMWare did the comparison by highlighting their "strengths" and their competitor's "weaknesses". Hence, you can also get a balanced view by reading both whitepapers side-by-side. In my personal opinions, it's true that vSphere is still heading way ahead of Hyper-V R2. Hyper-V 3.0 will narrow the gaps significantly and offered even better than "good-enough" features for most enterprises. Coupled with "irresistible" unlimited "free" VM rights from Hyper-V Data-centre edition and hearing no further new revolutionary announcements from VMWare, it seems to me that VMWare might be fighting a losing head-to-head battles against the Redmond software giant.
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