Hi there
For ESX lower than 3.5 - as long as you have DRS set to fully automated in the cluster, as soon as you tell the host to enter maintenance mode, it will handle all the migrations for you. If there are any manual or partial DRS settings - it will present a range of options for you to choose from.
For ESX 3.5 and above, maintenance mode will automatically migrate all VM's off your host.
Hope this helps.
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a CraZy PeNguIn