The kernel issue that caused this problem is fixed in Lucid.  I can
confirm that VirtualBox (3.2.4) running on Lucid with Win XP and Win 7
guests runs quite nicely now  with VT-x enabled with 2 CPU's defined on
my Intel Core 2 Duo P8700.  Probably safe to mark this bug as such.

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VirtualBox performance is much worse when Intel VT-x is enabled
https://bugs.launchpad.net/bugs/455112
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