I use the 7110 as well. I have not had much luck with it as far as write latency goes with my VMs. I did have a Citrix XenApp farm running off of it for about 2 days until I had to move it to local storage on the XenServers, ruining my HA, because of the horrible latency the users were experiencing.
I primarly use NFS with the exception of a couple Exchange datastores using iSCSI. Network utilization is low and I am also using LACP/trunking. We are also looking for a new NAS/SAN solution. I am interested in getting the 7320 and moving the 7110 to a remote site making use of the remote replication functionality to create an off-site disaster recovery location.
I think I screwed the pooch with the 7110 since the beginning choosing Double Parity Raid for the pool, which I think killed my write performance.
If I were to use this in a DR scenario and change the pool to RAID 10/Mirror, you think I could pull some decent performance out of this thing for around 15 VMs, 4 of them being terminal servers, 2 SQL servers, 1 Exchange server, and other various small VMs. I'm not looking for native performance since it would be a DR scenario but usable performance. Depending on when during the month the DR happens the SQL servers are not that hard hit.
Love all the features of the 7110, but so far write latency is a big problem for me.