When building an OVF, you can specify a tag for VirtualSystemCollection that allows you to have multiple VMs to share the same base disk image, but any changes that the individual machines make are Copy-On-Write into a private disk area for each specific VM.
When you try to deploy images setup this way to EXSi, it complains Unsupported element 'VirtualSystemCollection'. It would appear that you need the commercial vCenter or vApp servers from VMWare to utilize this feature. (From what I've been able to grok so far)
Is there a way to do this through free software (Free like ESXi, or opensource)
The ultimate goal is that I want to have a single disk image that's used as a base - and to bring up a cluster of VMs that are then individually configured so that for a VM with a 500 meg disk, I only need '500M + (num_vms * delta_per_vm)' rather than '500M * num_vms'