vMotion is about host failure. If a blade server dies, the vms can be spun up on another blade. Storage is same.
No? It's also about load balancing and draining compute/storage resources in preparation for maintenance.
Most pertinently: as long as your alternative doesn't cover any vMotion use-cases, customers will remain 'in talks' with Broadcom...
He/She is thinking about VMware Fault Tolerance