Multicast mode does not have the problem that unicast operation does since the servers can communicate with each other via the original addresses of their NLB network cards.
To configure NLB in Windows Server 2003:
Note: Each NLB cluster node is required to have NLB enabled and configured with the same cluster IP address and FQDN.
For additional information, see Sample Configuration - Network Load Balancing (NLB) Multicast mode over routed subnet - Cisco Switch Static ARP Configuration (1006525).
For more information on weak and strong host behavior in Windows, see the Microsoft Technet article http://technet.microsoft.com/en-us/magazine/2007.09.cableguy.aspx.
To use NLB with vMotion, ensure that the Notify Switches option is set to Yes.
Sample Configuration - Network Load Balancing (NLB) Multicast mode over routed subnet - Cisco Switch Static ARP Configuration
Enabling enhanced vmxnet adapters for Microsoft Windows Server 2003