I have a Ubuntu 10.10 installation running on hardware. I upgraded the hardware, and am planning to move the system over. Whilst reading the many various ways to do this, I came across tools for making a virtual machine out of a hardware installation. I think this might make managing my server easier in the future if I run it as a virtual machine. Also, I will be able to easily split responsibilities of my server, for example running MySQL on a separate virtual machine hosted on the same physical machine.
Is it a good idea to install my production server as a virtual machine inside another thin server installation?
What are the pros/cons and pitfalls?