Hyper-V No "New" button in the action pane

I have installed R2 and the Hyper-V component, virtualization is enabled in the BIOS.  My problem is there is no "New" option in the Action Pane of the Hyper-V Manager. 
 
My version of R2 Enterprise installed is 64 bit and off the disk that comes with the MCITP Server 2008 Enterprise Core Training Kit put out by Microsoft.  My laptop is an HP dv7-3085dx (http://h10025.www1.hp.com/ewfrf/wc/document?docname=c01896913&tmp_task=prodinfoCategory&lc=en&dlc=en&cc=us&product=4041797&lang=en).  The server software is the one and only active OS partition on the hard drive.

Anyone have any thoughts?