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PSOVM needs an Oracle VM installation. Oracle VM is a bare-metal visrtualization software, it does not need any OS prior its installation onto a server which is dedicated to Oracle VM.
Strictly speaking, you do not need Oracle VM Manager to make a PSOVM working, but if you are not very familiar with this tool, this is probably much easier, Oracle VM Manager offering you a GUI to make all your virtual machine with mouse clicks instead of command lines.
Again, Oracle VM won't be installed on top of any OS, so regarding your third sentence, PSOVM will come instead of existing env onto your server, not in addition.
I wrote several blogs entries regarding PSOVM, you could have a look out of there :
PS: there is a forum dedicated to Peoplesoft OVM, this thread has been moved for easier reading, please continue there :
Forum Home » PeopleSoft Enterprise » PeopleSoft OVM Templates
Edited by: N Gasparotto on Jul 29, 2011 9:52 AM