LVM elsewhere (i.e. vSphere or when a physical appliance or SAN integration handles snapshots) for the easy partitioning and live extension of space. If it's good enough for Redhat to use LVM+xfs3 ...

I use only boot, swap and home with ext4 on desktop. I only used LVM on physical server when I created mirror with mdraid. I don't use LVM on ESXi.