Remember.... just because you are virtual does not imply that your storage is virtual, nor does virtual storage imply that the storage will be shared between workloads or VMs. None of that is implied or suggested in going virtual. You still maintain all proper storage management decision making when virtual as you did physical. You don't get to give any of that up.
In restrospect, I probably ought not have included the System Center Dude stuff in the discussion, since it seemed to just cause confusion about what I was curious.
You still maintain all proper storage management decision making when virtual as you did physical.
I believe this is the greatest takeaway from the discussion. Regardless if the environment is like the one I'm in where ultimately one physical storage device is hosting all of the virtual storage within the VMs.