Right time, right place..
"In the end I found that virtualisation didn't give any advantage over a physical layout where we managed multiple applications by dynamically restricting the resources available to the app.
In then end virtualisation seems to be just another fad for the majority of sites I work at, but quite useful for one or two."
Matt, I can see what you are saying but take our dev environment for example. For one particular project we need at least six servers just for dev and our server room is full to bursting - the air-con and power supply wouldn't handle that many new boxes. All six servers are now VM'ed and housed on an ESX box, with room to add plenty more and the cooling/power requirements are a fraction of what the physical boxes would have taken.
For "the right time, the right place" it can be a god send (also for ease of backing up) but it does seem that companies are just thinking "right, let's stick ALL those old NT servers onto one box".. it isn't a quick fix. I think people will get wise to it eventually and use it for the correct purpose.