Bug in HP Agents 8.70 causes HP DL580 G7 running ESX to reboot on PSU failure [SOLVED]

We discovered a bug in HP Agents 8.70 installed on ESX 4.1 running on HP ProLiant DL580 G7 servers.

 

Those machines come equipped with 4 PSUs.  When the power is lost of 2 PSUs at the same time, a reboot is triggered by the HP Agents.  This causes all VMs on that host to crash (HA will restart them on another host if configured properly).  This reboot makes no sense as the system is perfectly capable of running on 2 PSUs.

Recommended BIOS Settings on HP ProLiant DL580 G7 for VMware vSphere

The HP Proliant DL580 G7 has several important BIOS Settings which need to be set.

The default options are in Italic while the non-default (recommended) options are in Bold.

Options which are not relevant are left out.

You might need to change options if you have a specific configuration or specific needs.  This list is only a general guideline for most of the settings tuned for vSphere.