When configuring new SQL Servers on VMs, it is a good idea to have the Database, TempDB, logs, and backups on separate logical drives, even if the underlying storage is the same? I know that this is a good practice on physical servers; the separation actually helps us to reduce the pains caused by concurrent I/O.
I am trying to understand if having 3 drives instead of 5 would make sense. Can someone please provide their views/suggestions for this idea?