Jailhouse is a partitioning hypervisor for Linux that with v0.1 supports all needed features for Intel x86 CPUs. Jailhouse can take full advantage of VT-d DMA, etc. This work has been spearheaded by Siemens. Here's the proper description via the Jailhouse project site:
Jailhouse is a partitioning Hypervisor based on Linux. It is able to run bare-metal applications or (adapted) operating systems besides Linux. For this purpose it configures CPU and device virtualization features of the hardware platform in a way that none of these domains, called "cells" here, can interfere with each other in an unacceptable way.
Jailhouse is optimized for simplicity rather than feature richness. Unlike full-featured Linux-based hypervisors like KVM or Xen, Jailhouse does not support overcommitment of resources like CPUs, RAM or devices. It performs no scheduling and only virtualizes those resources in software, that are essential for a platform and cannot be partitioned in hardware.
Once Jailhouse is activated, it runs bare-metal, i.e. it takes full control over the hardware and needs no external support. However, in contrast to other bare-metal hypervisors, it is loaded and configured by a normal Linux system.
Its management interface is based on Linux infrastructure. So you boot Linux first, then you enable Jailhouse and finally you split off parts of the system's resources and assign them to additional cells.
Jailhouse 0.1 was announced this morning on the kernel mailing list. The source code to this new Linux hypervisor is available via GitHub.