Together with Microsoft Private Cloud offering, there is some news related to the licensing.
System Center 2012 Server Management Licensing
1. What’s new with System Center 2012 licensing?
System Center 2012 server management licensing maximizes your private cloud value while simplifying purchasing.
License required only for endpoints being managed. No additional licenses needed for management servers or SQL Server technology.
Consistent licensing model across editions. Processor based license, covering up to two processors targeted at most common hardware configuration
Same capabilities across editions differentiated by virtualization rights. All server management licenses include the same components and the ability to manage any private cloud workload.
2. Can you describe the product editions offered with System Center 2012?
System Center 2012 management licenses will be released in 2 editions differentiated by virtualization rights only:
Datacenter: Maximizes cloud capacity with unlimited Operating System Environments (OSEs) for high density private clouds
Standard: For lightly or non-virtualized private cloud workloads.
To provide you with the capabilities you need to manage a private cloud, both Standard and Datacenter editions of System Center 2012 include all the System Center components relevant to managing servers:
Virtual Machine Manager
Data Protection Manager
Download the PDF from here: http://bit.ly/xh4Ycf