I strongly agree with this idea. I am using Qemu 1.1 on 6.0 BETA. Guest systems with virtio support like NetBSD 6 are predestinated to run with Qemu/KVM (virtio already works with plain qemu).
The advantages I see are -much easier to set up in comarison to Xen -not limited to 1 CPU for Dom0 -No special guest installation (Xen-Kernels for DomUs), Kernel images separate from vDisks There has been a simple kernel driver for qemu in the past (kqemu), which has been dropped meanwhile. I saw some people made this run on NetBSD/OpenBSD. KVM seems to be a little more advanced, enabling things like SVM. Regards, Stephan