Short bio: Computer Scientist, FOSS supporter (read more)
Tux Machines (TM)-specific
Active Systems has released the first public beta of OpenNode, a CentOS based distro that is designed to make it easier to run virtual machines using KVM or OpenVZ.
In addition to installing a minimal CentOS setup with support for OpenVZ and KVM out of the box, OpenNode provides a set of utilities to download pre-made OpenVZ templates or run the virsh shell to set up KVM. The project only provides OpenVZ templates at the moment, but KVM templates are in progress.
I'm particularly interested in the OpenVZ support with OpenNode. OpenVZ doesn't get the same amount of attention from the community as KVM, which is a shame. The project is fairly mature and and offers really good performance and decent management tools. OpenVZ is the basis for Parallels' proprietary Virtuozzo, which has some really well-designed management tools.