Ryan,

With the release of vSphere 5 (the newest version), ESX no longer exists 
and ESXi is the main hypervisor going forward. The difference between the 
two is that ESX existed long before ESXi and had something called a service 
console (later versions based on Red Hat Enterprise Linux) that it used for 
management and other things while ESXi does not have the service console 
and allows for complete remote management. Since vSphere 4, there were no 
major feature differences between the two and as of vSphere 5, ESX is no 
longer updated to keep up with new features.

In terms of feature levels, there are no different versions of ESXi to 
install as it's all controlled by the license key you apply. When you 
install ESXi, you get a 60 day evaluation of the full featured product at 
the "Enterprise Plus" license level. To take advantage of all of those 
features, you need vCenter (or Virtual Center as some people still call it) 
which comes in two versions; a Windows application (requiring either 
commonly SQL Server or an Oracle db) or a Linux-based virtual appliance. 
The virtual appliance has a web client for management of vCenter, the ESXi 
hosts, and virtual machines, or you can use the "vSphere Client" which is a 
Windows application, for the same purpose. The vSphere Client is required 
if you're going to configure/manage a single ESXi host. The vSphere Client 
can only connect to one ESXi host at a time, however you can open up as 
many instances of the client as you want. In the bottom of right corner of 
the client when it's connected to an ESXi host or vCenter server, it will 
say the days remaining in the evaluation license.

If you do not want or need the features the paid versions of ESXi and 
vCenter give you, you can go to the web site linked by Erik Anderson below 
to get a free license key to allow you to run ESXi legally. All you would 
need to do is enter the key into the licensing portion of the vSphere 
Client when connected to an ESXi host and it will apply immediately. Using 
a keygen to get a license key and piracy in general, isn't recommended. I 
recommend reinstalling ESXi on that host from an ISO you get from the 
VMware web site as you can't always tell how that ISO may have been 
altered. If you are interested in purchasing vSphere and can guess the 
virtualization needs for the near future, let me know as I could help 
explain some of the bundles and license levels aimed at small and medium 
sized organizations that could potentially save some money over going the 
standard way of purchasing the products. If your needs are very basic, I'd 
recommend VMware Workstation over the free "vSphere Hypervisor" as that may 
be more easy to manage for some people.


On Mar 23 2012, Ryan Coleman wrote:

 I guess I need some serious direction here... I don't know how little time 
is left on my 60-day trial - my normal functioning desktop is not at the 
moment and I'm stuck at DFW.
>
 Can I downgrade my install somehow? I have 6 VMs built (but 4 running) on 
this server right now; if it's a headache I'd probably just tell them to 
buy it so we can expand later.
>
>I've had a hard time finding a good comparison between ESX and ESXi.
>
 I didn't download the installer or ISO From the site, I used a torrent but 
did *not* try to keygen or crack it. All I can see from the ISO is that 
it's called VMVisor5.iso.
>
>Oh, here we go: ESXI-5.0.0-441354-STANDARD.
>
>Thanks,
>Ryan
>
>On Mar 21, 2012, at 4:22 PM, Erik Anderson wrote:
>
>> On Wed, Mar 21, 2012 at 11:52 AM, Ryan Coleman <ryanjcole at me.com> wrote:
>>> 
>>> Where can I find that info?
>> 
>> I guess instead of calling it ESXi now, they're calling it the "VMware
>> vSphere Hypervisor":
>> 
>> https://www.vmware.com/tryvmware/index.php?p=free-esxi5&lp=default
>> 
>> VMware's website is notoriously difficult to navigate, but after
>> signing into your account there, you should be able to go to the above
>> link and find a license key on the "License and Downloads" tab.
>> 
>> -Erik
>> _______________________________________________