I will check out the series, thanks for the link.
I believe vmnic 0 and vmnic1 are on i/o module1, and vmnic2 and 3 are on I/O module2. So I created vswitch0 with vmnic0 and 2 for physical nics, and two portgroups - SC and vmotion. I set each to explicitly use a seperate nic and failover to each others nic.
Same for vswitch1 - used vmnic 1 and 3, two portgroups for LAN and DMZ. Again each set to use 1 phys nic and failover to the other.
This should cover me in case of I/O module failure.
Storage is internal to the blade chasis - SAS drives.