I guess a thing to be clear about with SnapVault is that the application backup tools (SnapManager, SnapCreator, VMware VSC etc) generate regular snapshots rather than SV snapshots. This seems to imply that it's not possible to have application-consistent backups using SV.
I guess there is a formula by which SV snapshots can be derived from regular snapshots (eg by having SV snap the "_latest" snapshot) but I've not seen it in use.