Keep in mind that installing ESXi takes about 30 minutes. Configuring can be done in another 30 minutes. So if you plan downtime and prep the migration well you could do all of it on a Saturday. You would just need the customer to buy in on some down-time. Then there would be no need for additional servers.
VMware Converter will be able to to handle both the V2V and P2V - this can be done while the machines are running and with windows macines you will be able to sync the machines prior to cutover to minimize data loss- other choices to look at would Platespin Migrate -Platespin will cost while vmware converter is free -
Since it sounds like you will have new equipment I would build out the vSphere 5 environment first including the hosts, vcenter, and HA Cluster - then migrate the machines
Yeah, my idea is to convert all of the Hyper-V VMs, putting on a single VMware server for now, until I finish installing ESXi on servers that are now correct with Hyper-V, mount the cluster and then move VMS back to the servers.
Keep in mind that installing ESXi takes about 30 minutes. Configuring can be done in another 30 minutes. So if you plan downtime and prep the migration well you could do all of it on a Saturday. You would just need the customer to buy in on some down-time. Then there would be no need for additional servers.
1) create a seperate VM for vCenter! it is not supported on a server that has AD installed!
2) FC Zoning can be complex and is crucial for stability of your environment, read up well or get someone in to do it for you!
3) Most environments I have seen use 4 nics as a minimum for: Management, vMotion, Storage, VMs.
KB article about support for vCenter on a box with AD installed: http://kb.vmware.com/kb/2003790
Ok, already decided that I will install a new VM with Windows Server 2008 x64 and install it vCenter Server as a virtualized VMware vCenter support, even within the cluster, then I'll do that.
Make sure you set up the NICs in such away on a vSwitch that you have full redundancy for all different traffic types!