Sorry for terse description above. I hit this issue on 12.04.1 while running a devstack update and having the icehouse-staging Cloud Archive PPA installed. It sounds like the real problem is that devstack has always tried to install the kvm package where it should have been installing the qemu-kvm package. It did not used to fail as the kvm package was until now a meta ref to qemu-kvm hence why the dep now breaks. I am going to raise a bug on devstack instead to get this fixed.
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