Now that his is possible in Windows I have been doing some thinking about this as well. Since most of the more advanced feature sets of the Microsoft NIC team(LACP, ect) require the switch to be awear I'm not sure how a vSS or a VDS would handle this and you would probably have to put it in NFT mode which would make it pointless.
NIC Teaming Overview
Like you said in your post the only reason to put more then 1 VNIC in a team on a VM would be in the hopes of pushing more then 1GB through a VM in the event your hosts nics are still only 1GB network adapaters. This problem gets removed when you got the 10GB, however it would be nice to leverage this for infrastructures with 1GB adapters.
With that said I haven't tested it and if anyone has a link to a white papper or blog where they have some some testing on this I wouldn't mind seeing it :smileyhappy: