You do not need two vCenter Servers (5.0 and 5.1) to perform the migration. There may be a bit of magic involved (smile), but from what I was told, VDP basically performs a "pseudo-restore" from the VDR data and then backs that stream up to VDP - thus, the reason a migration can take a very long time if you choose to migrate many restore points. You are correct in stating that the backup jobs must be recreated. Only restore points are migrated (not backup jobs, statistics, etc.).
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