What "k" series CPUs are you talking about. The ONLY diff between the i7-3930K and the i7-3960X/3970X are Clock Speed, Max Turbo Speed, Cache and TDP. ALL the other specs are identical including the Advanced Tech specs which include Virtualization features. I have VMware ESXi 5.1 running bare metal on 2 i7-3930K boxes with ASRock motherboards as we speak. Didn't even need to pre-load drivers. The i7-3930K makes a great lab box for VM systems at a reasonable cost.
2011 boxes will typically cost more at the CPU, Motherboard and possibly memory level. The reason to in vest is easy, MORE CORES/THREADS to execute stuff. Why would you need this? Either you are running VM systems for a lab at home like me OR you are a heavy gamer and your OS/Games can take advantage of the technology OR you do some pretty heavy Video Editing OR you just like to tinker with great technology. Otherwise, you will be happy with a 4 Core i7 box and the cost to build it will be cheaper.