Hi,
Thanks for your answers.
I don't agree with : "You would do exactly what you would do if the server were physical. "
Because with hyper-visors u often have shared storage and you can save alot of diskspace. (Today i have over 100 web servers that each have a 16gb pagefile)
On a physical server you usually dont bother about the diskspace....because the storage is less expensive and you have plenty.
Gonna do some testing like JarryG says, i dont see why my native win 2008 r2 server with IIS would need a pagefile.
Cheers,
Johan