I'm not a security person but I wanna practice trying to sum up his points:
1. There's no way in hell that a bunch of VMs running on one physical server is more secure than a bunch of different physical servers each running an OS. If there were architectural hooks for those VMs to provide additional security beyond what the host OS provides, then an OS like OpenBSD would already be making use of it.
2. Running a bunch of VMs on a single physical machine is certainly cheaper.
3. People who are in favor of the cost-cutting are claiming that there's a security benefit to sell more stuff.
Am I right?
If so, how does that stance jibe with the research that Qubes is based on?