Another log.
This is with RAMDISK disabled on Xen DomU config
root@localhost ~]# xm create -c fc3
Using config file "/etc/xen/fc3".
Started domain fc3
Linux version 2.6.16.33-xen (root@localhost.localdomain) (gcc version 4.1.1 20061011 (Red Hat 4.1.1-30)) #3 SMP Mon Jan 15 17:34:37 CET 2007
BIOS-provided physical RAM map:
Xen: 0000000000000000 - 0000000008800000 (usable)
0MB HIGHMEM available.
136MB LOWMEM available.
ACPI in unprivileged domain disabled
Built 1 zonelists
Kernel command line: root=/dev/sda1 ro
Enabling fast FPU save and restore... done.
Enabling unmasked SIMD FPU exception support... done.
Initializing CPU#0
PID hash table entries: 1024 (order: 10, 16384 bytes)
Xen reported: 1144.339 MHz processor.
Console: colour dummy device 80x25
Dentry cache hash table entries: 32768 (order: 5, 131072 bytes)
Inode-cache hash table entries: 16384 (order: 4, 65536 bytes)
Software IO TLB disabled
vmalloc area: c9000000-fb7fe000, maxmem 33ffe000
Memory: 125052k/139264k available (1907k kernel code, 5880k reserved, 723k data, 188k init, 0k highmem)
Checking if this processor honours the WP bit even in supervisor mode... Ok.
Calibrating delay using timer specific routine.. 4905.47 BogoMIPS (lpj=24527384)
Security Framework v1.0.0 initialized
Capability LSM initialized
Mount-cache hash table entries: 512
CPU: L1 I cache: 32K, L1 D cache: 32K
CPU: L3 cache: 4096K
Checking 'hlt' instruction... OK.
Brought up 1 CPUs
migration_cost=0
Grant table initialized
NET: Registered protocol family 16
Brought up 1 CPUs
PCI: setting up Xen PCI frontend stub
ACPI: Subsystem revision 20060127
ACPI: Interpreter disabled.
Linux Plug and Play Support v0.97 (c) Adam Belay
pnp: PnP ACPI: disabled
xen_mem: Initialising balloon driver.
PCI: System does not support PCI
PCI: System does not support PCI
IA-32 Microcode Update Driver: v1.14-xen <tigran@veritas.com>
audit: initializing netlink socket (disabled)
audit(1168881474.795:1): initialized
VFS: Disk quotas dquot_6.5.1
Dquot-cache hash table entries: 1024 (order 0, 4096 bytes)
Initializing Cryptographic API
io scheduler noop registered
io scheduler anticipatory registered
io scheduler deadline registered
io scheduler cfq registered (default)
PNP: No PS/2 controller found. Probing ports directly.
i8042.c: No controller found.
Floppy drive(s): fd0 is unknown type 15 (usb?), fd1 is unknown type 15 (usb?)
Failed to obtain physical IRQ 6
floppy0: no floppy controllers found
RAMDISK driver initialized: 16 RAM disks of 16384K size 1024 blocksize
loop: loaded (max 8 devices)
Xen virtual console successfully installed as tty1
Event-channel device installed.
netfront: Initialising virtual ethernet driver.
Uniform Multi-Platform E-IDE driver Revision: 7.00alpha2
ide: Assuming 50MHz system bus speed for PIO modes; override with idebus=xx
mice: PS/2 mouse device common for all mice
md: md driver 0.90.3 MAX_MD_DEVS=256, MD_SB_DISKS=27
md: bitmap version 4.39
NET: Registered protocol family 2
Registering block device major 8
blkfront: sda2: barriers enabled
blkfront: sda1: barriers enabled
IP route cache hash table entries: 2048 (order: 1, 8192 bytes)
TCP established hash table entries: 8192 (order: 4, 65536 bytes)
TCP bind hash table entries: 8192 (order: 4, 65536 bytes)
TCP: Hash tables configured (established 8192 bind 8192)
TCP reno registered
NET: Registered protocol family 1
NET: Registered protocol family 17
Using IPI No-Shortcut mode
md: Autodetecting RAID arrays.
md: autorun ...
md: ... autorun DONE.
EXT2-fs warning (device sda1): ext2_fill_super: mounting ext3 filesystem as ext2
VFS: Mounted root (ext2 filesystem) readonly.
Freeing unused kernel memory: 188k freed
modprobe: FATAL: Could not load /lib/modules/2.6.16.33-xen/modules.dep: No such file or directory
INIT: version 2.85 booting
/etc/rc.d/rc.sysinit: line 80: /dev/tty1: Read-only file system
/etc/rc.d/rc.sysinit: line 80: /dev/tty2: Read-only file system
/etc/rc.d/rc.sysinit: line 80: /dev/tty3: Read-only file system
/etc/rc.d/rc.sysinit: line 80: /dev/tty4: Read-only file system
/etc/rc.d/rc.sysinit: line 80: /dev/tty5: Read-only file system
/etc/rc.d/rc.sysinit: line 80: /dev/tty6: Read-only file system
/etc/rc.d/rc.sysinit: line 84: /dev/tty7: Read-only file system
/etc/rc.d/rc.sysinit: line 85: /dev/tty8: Read-only file system
Welcome to Fedora Core
Press 'I' to enter interactive startup.
Starting udev: [ OK ]
Initializing hardware... storage
-->PARALLELS CRASHED<--
It seems that's something related to storage driver/access.