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Intel Virtualization Technology provides comprehensive hardware assists that boost virtualization software performance and improve application response times. These integrated hardware assists accelerate fundamental virtualization processes throughout the platform to reduce latencies and avoid potential bottlenecks. They also reduce the demands placed on the virtualization software, so more processor cycles are available for running business applications.
If you would like additional information regarding hardware vitualization I suggest reading the following article: http://download.intel.com/technology/itj/2006/v10i3/v10-i3-art01.pdf
Thanks for the response. The linked article you provided had great information regarding VT. One thing I could not understand was if VT was actually required or if just helped with the virtualization processes. From what I understand, it doesn't seem like VT support is required to run virtualization, but it will definitely make the system run faster if there is or if it is enabled. Is that correct?
Glad to help. For most software hardware virtualization is not required. But there are some programs that do require it, such as XenClient.