The Sysinternals guys did it again . This time they have given us the "Poor mans P2V" solution, and they call it: Disk2VHD.

The idea behind this is pretty cool, they use the Windows Volume Snapshot capability, to create consistent point-in-time snapshots of the volumes you want to convert. It will create one VHD for every disk but it will only include the partitions you select. The really cool thing about this: You can run it ONLINE!

There are some (small) limitations the VHD size limit is 127GB (because virtual pc doesn’t support bigger VHD’s), and do not attach the VHD’s on the same system you created them because you will get an collision with the signature of the VHD’s source disk.

Ofcourse they put in in their Sysinternals Suite that can be downloaded from here