Yes, you read that right. Windows 8 client (and server of course) comes with Hyper-V v3.
Both the server and client versions of Windows 8 is shipped to have Hyper-V 3 running. You can start run VMs from your laptop, without installing the server version or third party applications!
In order to install Hyper-V on a Windows 8 machine, get the run tab (windows button + R) and type in optionalfeatures.exe & press enter. You can also navigate through Control Panel –> Programs & features. Select Hyper-V and click ok. Notice that the new Hyper-V comes with it’s own set of PowerShell cmdlets.
Windows will install the Hyper-V feature and click “Finish” when done. In order to launch Hyper-V manager, follow this post.