Is the new Cluster Shared Volumes (CSV) feature required for Live Migration?
No. Contrary to a popular misconception, Live Migration doesn’t require the use of CSV. As Microsoft likes to phrase it, CSV facilitates Live Migration. CSV essentially allow multiple Hyper-V VMs to access the same set of virtual machine (VM) files located on shared storage—typically a LUN on a local SAN. That makes it easy to set up Live Migration, because you can simply give each VM access to the CSV storage. Live Migration using CSV is very fast, because both VMs can access the same stored files and only the memory needs to be moved between the Hyper-V hosts. Live Migration without CSV takes a bit longer, because the storage must be moved between the nodes.