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FSLogix = user profile content & office cache (either combined or seperated) DEM = predefined/default application settings, application blocking, user environment settings (scripts, networkdrives, shortcuts, ...), ADMX (user/computer), ...

I am at a customer where we have setup VMware DEM in combination with FSLogix User and Office profiles. Formerly migrated from DEM profiling. Which is working really fine. You really need to fetch your Personalization settings with the FSLogix exclusion file.