"This tutorial provides step-by-step instructions on how to install Xen (version 3.0.3) on a CentOS 5.0 system (i386).
"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 (e.g. a virtual machine for a mail server, a virtual machine for a high-traffic web site, another virtual machine that serves your customers' web sites, a virtual machine for DNS, etc.), but still use the same hardware..."