This feature is only officially supported in the Windows 8 Enterprise Volume Licence version - see here for details of how to make Win8ToGo Using Enterprise.
You can however make a Win8ToGo USB boot drive from any Windows 8 version (though you will need to activate it if you want to keep using it and so you will need a volume licence version if you want to move it from system to system).
Also, as Windows 8 supports most USB 3.0 controllers natively, why not make a USB 3.0 Flash drive with Win8ToGo on it and see how fast it can boot from a USB 3.0 port.
With an integrated USB 3 port and a good USB 3 Flash drive, you should find that the speeds are about as fast as internal HDD booting!
Even if you only have USB 2 ports on your system, a USB 3 Flash drive on a USB 2 port is generally faster than a USB 2 Flash drive on the same USB 2 port (compare the USB Flash pen's read/write speeds in the manufacturers specs).
If you want to install Win8 to a VHD on a USB drive (which means you can easily copy the VHD to any other USB drive or system) - please follow Tutorial 90 (but read the warnings!).
Note: You can use the instructions below to install Win8ToGo to a VHD if you have Vista or Windows 7 installed as your main OS - just use Disk Manager to create a virtual hard disk on the USB drive, attach it as a drive volume and install Win8 to the VHD using ImageX, instead of installing to the USB volume. You will then need to use bcdboot as in step 7, but specify J:\Windows /s K: where J: is the VHD volume and K: is the USB partition volume letter.
The Developer Preview was released in late 2011 and expires on 16th January 2013. The new completed full Consumer Preview Beta release version was released on 29th February 2012 and expires on 15th January 2013. The Release Preview was released on 31st May 2012 and expires on 16th January 2013.
Ed Bott's report on the Feb 2012 Consumer Preview release can be read here.
OR watch the video from the BUILD 2011 developers conference here (it is quite long!).
Notes on the Developer version (these do not apply to the latest Consumer version which does work): The 2011 Developer preview worked fine for me on the non-public 64-bit Server version (image 3), but the 64-bit Desktop version which anyone can publicly download did not seem to boot (it just got stuck detecting hardware for 4 hours on my Asus 1011PX N455 Atom netbook until I gave up and switched it off). I tried this same 64-bit Desktop version both on a USB HDD and a USB Flash drive. I also had problems with ImageX when Applying the wim file to a USB IDE 2.5" hard disk (I used two different USB disks and caddies - Windows 7 reported delayed write errors). The 32-bit version works, though I could not get IE to run without erroring!
This method of using ImageX /Apply on a USB 2.0 flash drive can take at least 40mins (Lexar 16GB USB2.0 Jumpdrive), but on a USB HDD or a USB 3.0 Flash drive and USB 3.0 USB port only about 10 minutes for the 32-bit Desktop version. Therefore a USB HDD disk or USB 3.0 Flash drive is recommended (unless you have plenty of time to spare!).
2. Mount the Windows 8 ISO file as a virtual drive letter using ImDisk or Slysoft Virtual CloneDrive or any similar ISO mounting program. If you are doing this from a Windows 8 OS, just double-click the ISO file to mount it as a drive letter (Win8 supports ISO mounting!).
3. Wipe and partition and format a 32GB+ USB 3.0 Flash or USB HDD drive (recommended) using RMPrepUSB as NTFS+Bootmgr+Boot as HDD or use Windows Format if you have already formatted the drive and it has an active (bootable) partition.
4. Install the 1.3GB (!!) Windows WAIK to obtain ImageX.exe. Imagex.exe can be obtained after Windows 7 Automated Installation Kit is installed on Windows 7, Vista or XP. ImageX can be found in C:\Program Files\Windows AIK\Tools\amd64 or C:\Program Files\Windows AIK\Tools\x86.
5. Open up a command console as Administrator (or if the WAIK is installed use the Start Menu - Deployment Tools Command Prompt entry). Make sure your current directory is the folder with imagex and the other downloaded WAIK files in it and ensure that you have the correct (x86 or amd64) version. If the Windows that you are currently using is 32-bit, then you need the x86 files, if you are currently running 64-bit Windows then use the amd64 set of files.
6. Assuming that your Windows 8 ISO is mounted at K: and the USB drive has the drive letter of U:, type the command:
and check what images you have present inside the wim file - let us assume that you want image #1 (usually only one image present unless you have the Server download), then type
7. When the image has been successfuly applied to the USB drive, type
if this fails it may be because you have an EFI Windows system, in which case try the following command:
8. Use the Safely Remove Device System Tray icon to Eject the USB drive
Putting Windows 8 to Go! onto a USB 2.0 16GB Lexar Jumpdrive using
a Windows 7 system (install.wim was from a 32-bit version 2.8GB Developer Preview)
Note that I had copied the install.wim to a folder on my C: drive first.
Now go boot it on something!
It may reboot several times during kernel and driver detection, so remember to make it boot from the USB drive each time (it may quickly reboot back to your internal HDD the first time!).
It is preferable to install the correct Windows 8 bootmgr by re-running bcdboot.exe - see the next section below for details.
The Release Preview 2012 version Product key is TK8TP-9JN6P-7X7WW-RFFTV-B7QPF,
Skip the Product Key entry if asked on the 2011 early Developer Preview version or use 6RH4V-HNTWC-JQKG8-RFR3R-36498.
The Beta Consumer Preview 2012 version needs to have a Product Key entered and this cannot be skipped - the Beta trial key is DNJXJ-7XBW8-2378T-X22TX-BKG7J.
Always shutdown Windows before booting the USB drive on a different computer (you do not need to run sysprep).
The USB drive will reboot much faster once the 'Metro' desktop has been reached and all the driver detection has taken place on the first boot on a new system.
If you enable Hibernate, do not Hibernate Windows and then try to boot it on a different computer or it will crash!
If the Metro Apps don't seem to run, try changing the screen resolution to a larger size - Metro apps only run at a screen resolution of 1024x768 or larger! If Internet Explorer won't run from a Metro icon due to a low screen resolution, run IE from the Windows Desktop IE shortcut instead.
Once you have the USB drive successfully booting to Windows 8, you can change the bootloader (bootmgr) to the Windows 8 version as follows. This allows it to boot slightly faster (by about a second or two).
1. Boot from the USB drive to Windows 8 as usual
2. Use Windows Explorer to find the C:\Windows\System32\CMD.exe file and right-click on the file and choose Run As Administrator
3. Type the following command in the shell console window:
bcdboot C:\windows /s C: /f ALL
If you want to enable UEFI booting as well as MBR booting, you will need to reformat the USB disk with a GPT partition structure and use the 64-bit version of Windows 8 as the ISO source.Instead of using RMPrepUSB to format the USB drive, use Windows Vista/7/8 Diskpart.exe. You will need to create a 100MB EFI System partition, a 128MB MSR partition and then the basic data partition(s) according to the size of your USB drive. You must add the partition types using the correct GUID identifier in the diskpart script.
The EFI partition and basic data partition(s) will need drive letters.
Use the command:
diskpart /s diskpart.txt
and use notepad to make a diskpart.txt script similar to the one below (change the disk number and volume size as required):
Once partitioned, install the Windows files using ImageX to the data partition and then run the BCDBoot command on the 100GB EFI partition - e.g. bcdboot U:\windows /s S: /f ALL (where S: is the EFI partition and U is the OS partition). See here for more details. Note that you must use the BCDBoot.exe from the Windows 8 WAIK (which can be downloaded using JFX's GetWaikTools utiity).
4. When the image has been successfuly applied to the USB drive, type