peter.row (7/14/2014)
My only thought is that it is because I have the HyperV client installed on my machine which enables me to run VMs from our central VM server locally so I don't have to compete for resources.
How are you able to run VMs locally with only the 'client' installed?
I have a Windows Server 2012 machine running SQL 2008R2 and this query returns "Physical".
It has the "Hyper-V Management Tools" installed (Manage Roles and Features -> Features -> Remote Server Administration Tools -> Role Administration Tools -> Hyper-V Management Tools) and I can remotely administer VMs running on different machines, but no VMs are running on this machine as the Hyper-V role itself is not installed.