NIC Teaming video.
In this video you'll see that NIC teaming feature is quite easy to configure. This video comes from VMware KB and I cant's say this often enough, the guys there are producing some high quality content there…. 😎
With NIC teaming in place you won't fear material failure any more, because the NIC teaming vSphere 4 feature can handle multiple physical NICs attached to your vSphere 4 installation.
NIC teaming is made by binding 2 or more physical network adapters with a load balancing policy set on the vSwitch.
Increased network capacity for the virtual switch hosting the team.
Passive fail-over in the event one of the adapters in the team goes down
Source: VMware KB