Below is a screen shot of what it looks like today.
The tool now basically covers everything there is you can specify in a Hyper-V vm. Looking at a Virtual Server or Virtual PC configuration file, all settings which can apply to a Hyper-V vm are imported and can be modified in the UI.
Of course, BIOS settings like NumLock and boot order are Hyper-V specific but I added those for completeness. You can choose to have the SCSI boot disk swapped with the forst IDE disk. This is handy for those who have used SCSI with Virtual Server.
The tool is now being tested within a closed group at Microsoft.
updates will come on – http://blogs.technet.com/matthts