RHEV 3.0 Manager on KVM Host(s)

Would it make any sense to run the RHEV Manager (RHEV-M) on top of a KVM VM in a production environment? The notion of having RHEV-M on a VM that could easily be backed up in its entirety, or moved around to other hardware, seems appealing. What about running that VM on a cluster of two KVM hosts on shared storage, so that it could be live migrated? The official documentation at (http://docs.redhat.com/docs/en-US/Red_Hat_Enterprise_Virtualization/3.0/html/Installation_Guide/index.html) is curiously silent on this topic.

Has anyone tried this? Are there any white papers -- or even rough notes -- available as a reference?

Thanks,

Daniel