Running SBS 2003 on a virtual server?

I was looking for feedback from anyone running SBS 2003 on a virtual server?

My customer has an SBS 2003 server that we would like to migrate to a new SBS 2003 server. They would like to purchase the hardware that would enable them to migrate to SBS 2008 at a later date when SBS 2008 has been around longer.

Since presenting this, they have asked about going virtual with the new server we are considering. This would mean likely mean a Dell 2900, quad-core and 12Gb of RAM.

Could I run SBS 2003 in a virtual environment on this? Would VMware Server 2 be the best platform to host this? Considering I have had no experience with virtual servers in a production environment, is this a prudent move?

Thanks for any comments or opinions.

.

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