Same issue for me even if I enabled VT-x in my BIOS and checked the VT-x/AMD-V.
The VT-x works on my Inspiron 9400 with kvm + qmenu.

Trying to boot intrepid alpha 3 guest with a Hardy up to date.

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Kernel panic during boot in VirtualBox with kernel 2.6.26.3-generic
https://bugs.launchpad.net/bugs/246067
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