hong@vhost01:~$ uname -a
Linux vhost01 3.2.0-54-generic #82-Ubuntu SMP Tue Sep 10 20:08:42 UTC 2013 
x86_64 x86_64 x86_64 GNU/Linux

The result with saucy is the same as with precise:

ubuntu@s1:~$ sudo kvm
W: kvm binary is deprecated, please use qemu-system-x86_64 instead
failed to initialize KVM: Device or resource busy
Back to tcg accelerator.

(qemu-system-x86_64:4607): Gtk-WARNING **: cannot open display:

ubuntu@s1:~$ dmesg | tail -n1
[43436.367067] kvm: enabling virtualization on CPU0 failed

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https://bugs.launchpad.net/bugs/1021271

Title:
  KVM "enabling virtualization on CPU0 failed"

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