We've carried out some initial benchmarks on a production cluster running Windows Server 2016 Hyper-V with IOMeter and other various tools, and its looking pretty horrendous.
We are seeing disk io performance halve in VMs. Numbers like 60,000 IOPS and 2GB/s dropping to 30,000 IOPS and 1GB/s.
We're also seeing CPU utilisation related to disk IO almost triple on the hosts.
Dell PowerEdge R730's with dual Intel Xeon E5-2697 v4, lots of 10Gb NICs. Same VM just moved between unpatched and patched (plus new bios) hosts.
Storage is all network based which is the killer for us