Determine ESX and VirtualCenter version compatibility
If you are looking for a quick reference to determine which versions of VirtualCenter are compatible with which versions of ESX then check out the VMware Infrastructure Compatibility Matrixes .pdf.
The following image is the ESX Server and VirtualCenter Compatibility table from the .pdf linked above. Note that VC 2.5 is backwards compatible with earlier ESX versions, but ESX 3.5 is only compatible with VC 2.5. Also note that VMware Server is still compatible only with VC 1.4. I believe I remember hearing something about future versions of VC will be able to manage both ESX and VMware Server hosts, but I could be wrong. Maybe with the new VMware Server 2.0?
Click on the image for a larger version.



