I found a nice blog article listing new features in vSphere 5.1. The main stuff (taken from the article) was:
- vRAM has been killed. vSphere is again licensed per CPU just as it was before vSphere 5.0. The licensing whitepaper is here.
- Enhanced vMotion allows you to combine a vMotion and Storage vMotion into a single operation, without shared storage.
- vSphere replication has been decoupled from SRM, and released as an available feature of every vSphere license from Essentials Plus through Enterprise Plus
- New VMware vSphere Storage Appliance 5.1 for SMBs
- New backup solution named vSphere Data Protection replacing VDR.
You'll find the entire article over at the VMware VCP blog
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