I spoke at the Charlotte SQL Server User Group last night. Will Sweeny confirmed that MSFT will continue to offer the free trade-out to 64-bit licensing from 32-bit. In other words, if you upgraded your 32-bit SQL 2000 to 32-bit SQL 2005 and are considering a new 64-bit server, you can simply swap the 32-bit license for the 64-bit license. Of course, you will need to de-commission the 32-bit server. In SQL 2000, this is available, but the 64-bit licensing is only for Itanium based systems as there is no x64 flavor for SQL 2000.
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