Today Microsoft provided updates that will give enterprises the ability to run KMS on any Windows Server 2003 (SP1 or later) machine.
UPDATE: Microsoft has made a significant change that will affect many enterprise customers. This update will not activate machines if running inside a virtual machine. This bucks the growing industry trend of virtualization for all classes of servers. In an effort to reduce piracy they are again punishing the very customers it is designed to protect.
For more information on Volume Activation 2.0 visit this site.
Download: KMS on W2K3 SP1 (x86) | KMS on W2K3 SP1 (x64)
Source : MSTN