Today's information technology organizations are under pressure to reduce costs and prioritize spending on new equipment. Virtualization technology is emerging as an effective way to increase both productivity and deployment flexibility. Virtualization technology can play a key role in uncoupling workloads from server resources and enabling a dynamic and automated datacenter. Microsoft is investing heavily in the next generation of virtualization technology and the management tools that will drive it. This session presents Microsoft's virtualization roadmap and strategy, starting with Microsoft Virtual Server 2005. We then discuss the Windows hypervisor technology, which will be incorporated into the next release of Microsoft Windows Server.