Second way to test would be to disconnect the internal drives (VERY IMPORTANT) and install ESXi to a USB stick. You would need to either add a new drive or use a network storage device (iSCSI or NFS) for a datastore but you can switch back just by reconnecting the drives and removing the USB stick.
Not completely accurate...
For one thing, as long as the bios of the system supports booting from USB devices (more especially flash drives) then you can boot from the ESXi install disc, target the thumb drive, and install directly onto that. Valid instructions can be found here... Use the "Install ESXi to a USB device direct from the install CD." set. I've done this already, with a system that had an OS already installed on the local drives, leaving those connected the entire time. No issue at all booting from the ESXi flash drive on that system, or on others in fact.
You will want either a fresh drive inside the system you'll be using as a 'part time' ESXi host that can be formatted for use with ESXi, or an iSCSI target that you can connect to (or NFS if you want to be limited). You can run SAN emulation software on another system, with sufficient storage, to do that. Software such as StarWind could do the job for you (with a single host). Just don't expect stellar performance out of it.
Personally, I don't like the nested ESX/ESXi method within VMware Workstation. I know, it's officially supported now, but there are limiting factors for what you can use it with. You won't be able to install any 64 bit operating systems, so Server 2008 R2 is out (or any x64 Windows operating systems). You will also have issues if you want to migrate between a physical host and the nested host (it requires additional configurations/settings in order for the VM's to migrate between them).
In my opinion, get a system to run ESX/ESXi 4 and let it do just that. Don't Mickey Mouse things trying to use two OS's on the same physical box, booting between them. Dual/multi-booting is a legacy item (also in my opinion) that's a hang-over from the 1980's/1990's... It no longer has a valid place in todays environments. I've seen many systems on sites such as Dell's outlet store where you can get a system that will run ESX/ESXi just fine for under $1500 (some even less). If you set up an iSCSI SAN (either hardware/true SAN or via software) then you don't need much for storage on the host. A mirrored pair of fast drives (hardware RAID) will do the trick (as small as you can get these days, or over 20GB). I'm even looking to get a pair of 30GB SSD's for my next host server(s) that I'll be bringing online. Those drives are very cheap these days, and the performance will be more than enough. I might just use a single, having the second as a spare, and use host profiles to ensure my configuration can be restored in the even of a drive failure. I will be getting the iSCSI SAN soon, where all my VM's will reside (either RAID 10 or 50 with 12-16 SATA spindles, leaning more towards the 16). Yes, this is no small investment, overall, but when completed, the environment will be able to handle everything I throw at it, and more. It will also be online for the next 4-6 years, so spread out over that time line, it's a small investment.
I believe that I have about $2000 invested in my current ESXi host server (Dell workstation T7400 with two 146GB SAS drives to boot from, a pair of 7200rpm 1TB SAS drives as the datastore, 16GB RAM). I'm starting to need more RAM with 8 VM's running, with a couple of them being Server 2008 editions. It's been doing just fine until I start piling those OS's onto it... Now I'm at ~75% memory usage, which needs to be addressed before I spin up any additional 2008 VM's. I can get away with some lesser demanding VM's for now, but that's about it...
Network Administrator
VMware VCP4
Consider awarding points for "helpful" and/or "correct" answers.