I came on the site looking for exactly this.
I have a FC SAN with 4GB Controllers and I'm averaging 10-15ms on my 8 disk RAID5 array for approx 15 VM's including vCenter, a lightly used SQL box and Exchange 2003 OS Drive.
I occasionally see the Read Latency spike to 150+ on a few vm's but can't seem to pinpoint where it's originating from.
I was worried to see that amount of read latency but if some say it's typical, then I feel better about that.