Recovery of VMs from DPM 2007 SP1 is as easy as, if not easier than, setting up protection. In the attached document, you will find a walkthrough of how DPM 2007 SP1 makes it possible to seamlessly recover from any of the backed up point in time replicas
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Read the complete post at http://blogs.technet.com/dpm/archive/2009/07/09/recovery-of-hyper-v-vms-to-original-stand-alone-host.aspx