I think the conceptual switch in licensing model is fair.. from cpu-cores to vRAM entitlement.. But the vRAM allocations per license are not right. It puts sysadmins in a real bind.. having to report bad news to mgmt.
They need to to the right thing and adjust the vRAM untitlements. Sad thing is.. people are so locked in to VMWare infrastructure that they'll likely make money short term, at the expense of pissing of customers. Oracle plays this game too..