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Odin (formerly Parallels) and the OpenVZ Project announced the beta release of a new version of Virtuozzo today. This is also the next version of OpenVZ as the two are merging closer together... In the extended article I go over some of the details about the bare-metal installer, what's new including libvirt and KVM support, as well as some of the changes as OpenVZ and Virtuozzo merge together in the new release.
There will eventually be two distinct versions... a free version and a commercial version. So far as I can tell they currently call it Virtuozzo 7 but in a comparison wiki page they use the column names Virtuozzo 7 OpenVZ (V7O) and Virtuozzo 7 Commercial (V7C). The original OpenVZ, which is still considered the stable OpenVZ release at this time based on the EL6-based OpenVZ kernel, appears to be called OpenVZ Legacy.
Odin had previously released the source code to a number of the Virtuozzo tools and followed that up with the release of spec-like source files used by Virtuozzo's vztt OS Template build system. The plan is to migrate away from the OpenVZ specific tools (like vzctl, vzlist, vzquota, and vzmigrate) to the Virtuozzo specific tools although there will probably be some overlap for a while.
The release includes source code, binary packages and a bare-metal distro installer DVD iso.
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