Quoting KarelV ([email protected]):
>     raise VMBuilderException, "Process (%s) returned %d. stdout: %s, stderr: 
> %s" % (args.__repr__(), status, mystdout.buf, mystderr.buf)
> VMBuilder.exception.VMBuilderException: Process (['/usr/sbin/debootstrap', 
> '--arch=amd64', 'maverick', '/tmp/tmpwHumhC', 
> 'http://archive.ubuntu.com/ubuntu']) returned 1. stdout: I: Retrieving Release
> E: Failed getting release file 
> http://archive.ubuntu.com/ubuntu/dists/maverick/Release

Are you behind a firewall?  Can you

wget http://archive.ubuntu.com/ubuntu/dists/maverick/Release

from the command line?

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https://bugs.launchpad.net/bugs/712878

Title:
  KVM guest hangs on 'booting from hard disk' 10.10 for guest and host.

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