Let us join Michael Dolan in pointing you to a great podcast on LinuxCast (LinuxWorld), featuring Don Marti interviewing Andrea Arcangeli on the topic of KVM and the benefits of the kernel taking on the hypervisor role (rather than separating the hypervisor and rewriting all the supporting structures as Xen does).
Podcast Tip: Andrea Arcangeli on KVM and hypervisor virtualization
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