As first rumored and reported on virtualization.info...it appears this has now been confirmed.
Read the original article here or more details here.
Quoting from the details site:
"VESO, according to a large Dell customer who was briefed on the product, will be available in the second half of this year, and will have extended memory and I/O capabilities, simplified iSCSI boot functionality, physical-to-virtual (P2V) migration services, and an embedded hypervisor, most likely ESX Lite."
"VESO's promise is that it would be incredibly easy to set up, the source said. "Just plug it in to the network, configure it through a Web browser and you're done," he said."