You can do it with Converter by scheduling hot-clones. Not very pretty though and a pain to manage. You're better off checking out one of the DR products like Double-Take, ESX Replicator, Platespin P2V, Replistor.
Platespin P2V DR - http://www.platespin.com/p2vdr/
Double-Take Replication in the VMware Environment - http://www.vmware.com/pdf/vmware_doubletake.pdf
Replistor - http://software.emc.com/products/software_az/replistor.htm
esxReplicator - http://vizioncore.com/products.html
Fyi
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Thanks, Eric
Visit my website: http://vmware-land.com
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