The only issue I need to ponder is handling the migration with the minimum downtime.
The plan would probably involve upgrading the host machine to Lenny, then installing KVM and fiddling with filesystems until the guests boot. I suspect it wouldn't be a huge job, but there are a few issues that will need to be planned.
Most notably I expect that most of the current guests don't have grub installed, etc, so we'd be in the position to use an external kernel + initrd. That's not an insurmountable problem, but I know that externally supplied kernels have caused me problem in the past with KVM.
Perhaps the actual plan would be to wait until September at which point I could order a new machine and cancel the current one. That would mean another increase in spec and the migration process would be a lot simpler - instead of everybody being offline for a few hours I could migrate guests individually from the old host to the new.
Anyway decisions decisions ..
ObFilm: Buffy - But we'll pretend the TV series counts as a film, kthxbye?