Dear Team,
No, this is not expected behavior and points to a compatibility issue. It's a bottleneck that prevents you from using the full capabilities of your hardware.
What is causing the limitation?
The limitation is almost certainly being enforced by the Intel network driver, not by Hyper-V itself. The Hyper-V virtual switch requests 16 queue pairs, but the driver reports back that it can only support 4 per virtual port when configured with Switch Embedded Teaming (SET).
The related Event ID 285 (OID_GEN_STATISTICS took too long) further suggests the driver is struggling to communicate efficiently with the Hyper-V stack, reinforcing the likelihood of a driver or firmware problem.
How can you fix it?
There is no single guaranteed fix, as this is likely a bug that needs to be addressed by the vendor. However, your best course of action is:
Update Drivers & Firmware: Aggressively check for the very latest Intel Ethernet Adapter driver pack and NVM firmware for the E610-XT4. Release notes for new versions are your best friend here; look for mentions of Hyper-V, SET, or VMQ fixes.
Contact Vendor Support: Open a support ticket with both Microsoft and Intel. This is a specific, high-level technical issue, and they are the only ones who can provide a definitive fix through updated software.
Avoid Registry Hacks: Do not attempt to override this with registry changes unless explicitly instructed by vendor support, as it can lead to system instability.