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Windows 7 for XP ProfessionalsUpdating Support Skills from XP to Windows 7by Bink.nu's Raymond Comvalius
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It's more a response to the NYT article and describes the MS holistic approach to virtualisation, it's still well off addressing the issues in the VMware 'White Paper' http://www.vmware.com/solutions/whitepapers/msoft_licensing_wp.html
MS is just leaving/adding virtualization option on the versions of the OS that will end up using it, Business is a prime example of a version that is made with this in mind.
Home Basic and Premium are different, and aside from you being charged a bit more so you can run it in a VM, the majority of users never do so. If you do then you can get a OEM copy of Business or Ultimate for less than $200, cheaper than the retail copies of Home Premium Full.