Maybe try proxmox? The latest KVM kernel they use is based on Ubuntu 2.6.35
though its a Debian Lenny based distro

Decent web interface, always track latest KVM

See http://pve.proxmox.com/wiki/Main_Page

2011/6/19 Arnaud Soyez <[email protected]>

> At least, it appears [1] OpenStack will be the cloud technology used by
> Ubuntu in the near future which means it will eventually be
> production-ready.
>
> [1]
>
> http://www.zdnet.co.uk/blogs/mapping-babel-10017967/ubuntu-shifts-to-openstack-for-cloud-10022422/?tag=mncol;txt
>
>
> --
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> https://lists.ubuntu.com/mailman/listinfo/ubuntu-server
> More info: https://wiki.ubuntu.com/ServerTeam
>



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http://www.labyrinthdata.net.au
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