I tend to agree with Billy. Performance metrics from http://www.hardwaregeeks.com/index.php/site/comments/seagate_momentus_xt_500gb_hybrid_ssd/ suggest that for a single VM, the performance increase is definitely there. Hybrid drives attain their speed boosts by caching frequently-used sectors of the hard drive into flash memory, speeding up reads. Multiple VM's, if started up and shut down frequently, might spread out the reads and writes too much to allow the hybrid drive to make much of a difference.
However, if you have machines that are suspended and resumed frequently, those suspension files might stay in cache longer (as they would be the most commonly-accessed files), giving you the boost you're looking for. I'm not sure how intelligent or aggressive the caching mechanism is on these drives, but as far as I understand it, the longer you use a drive, the more accurate the caching algorithm would be at keeping the right files in flash cache.