This error mean: your CPU do not have some virtual-registers it should have and 
kvm can't emulate it.
bad news: kvm team know about it but there is no work on this issue or it is in 
low priority.
good news: boot loader seems to be fixed now and latest hardy livecd can boot 
on kvm

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KVM crashed on load of Guty Tribe 5 Live CD on Intel 2.6.22
https://bugs.launchpad.net/bugs/135437
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