I'll have to look into that. I'd prefer something Debiany, and the Ubuntu people are making it easy to upgrade things without destroying anything in the process.
VMWare... not really thought about it. Xen is free and open so it's an obvious choice, together with UML - though the latter requires everything be Linux-based and I'd like to keep my options open even if everything is going to be Linux-based to start with. I guess the advantage of VMWare is that it's (I believe) easy to set up.
The other option is a PowerPC or SPARC type emulator. My problem with those are that they tend to have enough overhead to cause serious heating of the CPU, but the major advantage is that not having an ix86 CPU has been part of my network's guard against generic viruses. No, it doesn't deter a determined attacker, but there's no reason why anyone would want to attack squiggleslash's network so much as send something out to masses of boxes to see what sticks. And people doing the latter really don't see it worth the effort of including non-ix86 CPUs.
I'll be doing a lot of playing with the configuration before switching over to the new box. Should be fun...