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With the announce of the new Cloud Suite 5.1, the vRAM Entitlement has been removed and suppressed!

The new license model

Estimate the vRAM Entitlement

With the new vCenter Server 5 there will be a specific report (under the license tool). But for previous vCenter Server?

Recently (August, 11 2011) has been publish the official tool (Sphere Licensing Advisor). See also the relative announce.

Previously there were some scripts created from the community (see vSphere 5 License Query Script – Results Thread):

Author Link
Alan Renouf http://www.virtu-al.net/2011/07/14/vsphere-5-license-entitlements/
LucD http://www.lucd.info/2011/07/13/query-vram/
Hugo Peeters http://www.peetersonline.nl/index.php/vmware/calculate-vsphere-5-licenses-with-powershell/

Note that some of those scripts may be referred to the first license schema and may return wrong value.

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