From the MSLT:
1. OVERVIEW. These license terms permit installation and use of one copy
of the software on one device, along with other rights, all as described
below.
2. INSTALLATION AND USE RIGHTS. Before you use the software under a
license, you must assign that license to one device. That device is the
"licensed device." A hardware partition or blade is considered to be a
separate device.
a. Licensed Device. You may install and use one copy of the software on the
licensed device.
b. Portable Device. You may install another copy on a portable device for
use by the single primary user of the licensed device.
c. Separation of Components. The components of the software are licensed as
a single unit. You may not separate the components and install them on
different devices.
--
JoAnn Paules
MVP Microsoft [Publisher]
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How to ask a question
http://support.microsoft.com/KB/555375