May 10, 2015

Would it be practical to migrate from a physical server to a virtual server while addressing the issue of Windows Server 2003 reaching EOL?

Many people are doing just that. When they deploy Server 2012, with its native hypervisor and built-in virtualization, they set up a lot of virtual machines for old WS2003 workloads. Say you have an old Server 2003 machine running file and print services, or a low-use database. A modern server can run that in a VM with little effort.
Microsoft has a site that might be of use to you regarding Windows Server 2003:
Answer this