TeamSite Installation on Windows 2008 Server

System

Greetings to all Team Site Guru's,

We are planning to install Team Site for training environment and looking for some queries and suggestion. We have Windows 2008 server which we want to use to setup Team Site. Since we already have Windows 2008 so we want to avoid new licenses for OS as much as possible.

Is TeamSite installable on Windows 2008?
If yes, Can some Guru share thoughts and essential requirement for doing installation on higher versions of Windows 2003 and specifically on Windows 2008?

Many Thanks
-Vijay