Anyone who takes this exam should already have a good working knowledge of Hyper-V and of general server virtualization. As such, you are better off spending your study time focusing on other technologies, particularly with regard to the way that they relate to Hyper-V.
For example, you should spend a considerable amount of time studying basic storage technology. This exam expects you to know how to design a storage infrastructure that addresses various business problems. Although you don’t have to be a SAN expert, you should know how to work with Fibre Channel and LUNs. You should also be familiar with pass through storage.
Also, even though it is not explicitly mentioned in the exam objectives, spend plenty of time gaining experience with System Center Virtual Machine Manager. Many of the aspects of this exam related to virtual machine management and physical to virtual conversions tend to be based around the use of System Center Virtual Machine Manager.
Finally, make sure that you are well versed in failover clustering. The exam contains a number of questions related to building, operating, and maintaining a failover cluster of virtual machines.
Recommended Study Resources
Unfortunately, there aren’t a lot of study resources available for this exam. Microsoft offers a five day class called 50273B: Planning and Designing Microsoft Virtualization Solutions.
Aside from that, there are some Hyper-V books that may prove helpful, but they do not focus on the exam. These books include: