Anyone have any comments regarding how this compares with Disk2vhd and VMWare Converter?
I haven't tried the newer versions of VMware converter, but in the past, I never had much luck with it. I used to use Acronis True Image for imaging my system drives, and although VMware claims their converter can recover from an Acronis .tib image, I was never able to do so.
I gave up on Acronis a year and a half ago because it was just too unstable, and have been using Paragon Backup ever since. Last year, when I moved from a 32-bit WinXP system to a 64-bit Win7 system, I used Paragon P2V to convert a backup image of the old system into a VMware VM which I now use to run programs that I can't move to Win7. I actually use Paragon HD Manager Pro, which includes nearly all the Paragon tools in a single package, which I find much more convenient, but the standalone P2V is the same.
The whole process was surprisingly easy and problem free, although I did have to re-activate WinXP in the VM, as it complained that my "hardware" had changed signficantly.