Recovering from a bad update.
Press Shift+R at the boot prompt.
Esxi should fall back to the last known good state.
You have t o be real fast!
From Gleed
ESXi is a dual-image hypervisor in that it stores two copies of the ESXi image at any one time. If you install a patch and something breaks, you can press [Shift+R] at the boot prompt during boot to have it automatically fall back to the last known good state.
Pasted from <http://communities.vmware.com/message/2090467#2090467>
Pic 1: Shows you where to press Shift-R
Pic2: If you had multiple versions of the hyper visor available it would come up here.