This is failing, assuming its this line, when not passing placement policy which should be completely optional... 

(space5)[dajohnso@localhost cfme_tests]$ ./scripts/clone_template.py --provider rhevm32 --vm_name vm_fleece_test_KRxwJUr6 --template cfme-5223-0304 --rhev_cluster iscsi_cluster --log DEBUG
INFO:root:Connecting to rhevm32
INFO:root:Cloning cfme-5223-0304 to vm_fleece_test_KRxwJUr6
DEBUG:cfme: Deploying RHEV template cfme-5223-0304 to VM vm_fleece_test_KRxwJUr6
Unexpected error: <type 'exceptions.KeyError'>
(space5)[dajohnso@localhost cfme_tests]$