I've seen two approaches to handling the presentation of shared storage to Windows Server 2008 R2 cluster VMs on VMWare vSphere. One is the traditional method of carving out a LUN on your SAN and presenting it to both hosts through the Microsoft ISCSI software initiator. The other method is to make a vmdk on an existing LUN and attach it to both hosts and made it an independent disk so that it isn't affected by snapshots.
Is one way the "correct" way, or are both viable? Is there any advantage or disadvantage to doing either?