This video gives you information about Replication concepts and configuration. Embedded database is used on both SEPM's in this video. Replication can be performed on MS SQL database as well. The supported platforms are MS SQL 2000 SP4 & MS SQL 2005 SP2. Please Note: This video is best viewed in full screen mode (depending on the size of your display) by selecting the square icon in the lower right corner of the video player.
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Nice video.
If anyone is looking more info then can refer this article.
Replication and considerations
https://www-secure.symantec.com/connect/articles/replication-and-considerations
good one