Paravirtualization With Xen On CentOS 5.6 (x86_64)

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This tutorial provides step-by-step instructions on how to install Xen (version 3.0.3) on a CentOS 5.6 (x86_64) system. Xen lets you create guest operating systems (*nix operating systems like Linux and FreeBSD), so called "virtual machines" or domUs, under a host operating system (dom0). Using Xen you can separate your applications into different virtual machines that are totally independent from each other, but still use the same hardware.

http://www.howtoforge.com/paravirtualization-with-xen-on-centos-5.6-x86_64