I second Afidel here, you do get the right to run two windows server VM's on a piece of physical hardware per license, and the Hyper-V role doesn't count against that. So doing a P2V into Hyper-V of ...

10 cool new features in Windows Server 2012 R2 Essentials Your email has been sent Windows Server 2012 R2 Essentials will now allow Essentials features in larger domains as a Windows Server role. See ...