We have several SQL 2005 instances that are in a process of being virtulizaed and upgraded to SQL 2008 R2 running VMWare vSphere 5.1.
Our VMWare admin told me that in our org they do not over allocate memory to the guests. Per him though VMWare recommend to enable "Lock Pages in Memory" for SQL server running on virtual machines.
Does "Lock Pages in Memory" is enabled for SQL Server running on virtual machines?