VMware Partner Exchange is an annual event exclusively for VMware Partners. In 2011 it will be held in Orlando, Florida from February 8 till 11. At February 6 and 7 it is possible to attend courses and do exams.
Partner Exchange has many breakout sessions with technical and sales focus. It is much like the VMworld conference including labs. The level of sessions at Partner Exchange is higher than at VMworld. This year there are many sessions on vCloud Director and VMware View.
For an overview of the conference see this link.
Take advantage of the early bird discount! Register before December 16, 2010 and get $200 off standard registration. If you are a VMware Partner Exchange Alumni, you will receive a $300 discount off standard registration if you register before December 16, 2010.
The content catalog showing all the sessions can be viewed here.