Ibcoder - looks like your cpu can't do vt in hardware - or I am blind
well, my point stands - intel tries to screw users. There are SEVERAL cpus with the EXACT same naming - some of them can do virtualization in hardware, some can't and you can not check that until you have built them into your box.
Screw intel, go amd. The 955 and 966 gives the 920i and qx9770 a run for their money - while still cheaper. Money you can put into quality mainboards and lots of fast ram.