Running various projects of different servers is easy to control and track etc, but when running multipe projects (or machines) within a single server (so machines are now virtual machienes) is going to be much harder to control. Firstly, running on seperate physical servers means there is a physical protection between machines, but with virtual machienes there is no seperation - well this is an exageration, the control do exists but they are weak.
So what do companies who are looking into virtualisation actually understand about the security around it? As with everything, the risks have to be assessed and strong controls need to be put in place (starting point would be 2 factor authentication). Anyway, here is a good article on virtualisation security: Wake up to virtualisation security risks, experts say.
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