Hey, mattsw,
No disagreement at all with the previous replies, but it does raise a question.
If you just partition resources of the physical server (say 4 vCPUs to each of the two VMs, half the memory to each, etc., or something similar), you're not really getting any advantage out of using virtual servers. You could get the same result with a couple smaller, cheaper physical servers. The main point of virtualizing is to have VMs share resources rather than just divide them
In fact, even if you put a third VM on that physical machine and give it the same resources as the other two, you'll probably still see no performance hit, but you actually get some benefit out of virtualizing.
Of course you then have to start paying attention to possible contention issues and making sure that you're managing things so that they don't impact performance. But that's the joy of administering a virtual environment :->.
-Eric
VP - Product Management, VKernel
http://www.vkernel.com