Setup Intrepid Server PV DomU via xen-image-create&debootstrap at Xen 3.3 Intrepid Server 
Dom0 with Novell's Xen-ified kernel 2.6.27-5.
I would also name this post xen-image-create&debootstrap vs python-vm-builder in regards
of pre-building Xen Guests at Ubuntu Intrepid Server.View Bug Report ([3]) for details. Install Interepid Server Dom0 with with Novell's Xen-ified kernel, enabling Dom0 and DomU support at a time. 

View [1],[2] for details.Tune xen-tools scripts per [1] and create Intrepid PV DomU. Actually, images been created via xen-create-image allow to upgrade DomU to real Intrepid Server PV DomU.
I mean to perform:-
# apt-get upgrade
# apt-get install linux-image-server
and switch DomU's kernel to vmlinuz-2.6.27-9-server.
Afterward images may be scp'ed to any Xen 3.3.X Linux Dom0(64-bit) and corresponding Intrepid Server PV DomU loaded for instance at Xen 3.3.1-RC4 CentOS 5.2 Dom0 (64-bit).So, xen-image-create appears to be responsible to prebuild Xen Guest instead of the most recent release of python-vm-builder. 
[root@ServerXen31 root]# cat createImage
xen-create-image --force --hostname=IntrepidPVS --size=6Gb \
 --swap=1Gb --ide --memory=2Gb --arch=amd64 \
 --dir=/etc/xen/images  --kernel=/boot/vmlinuz-2.6.27.5 \
 --initrd=/boot/initrd-2.6.27.5.img \
 --install-method=debootstrap --dist=intrepid --mirror=http://archive.ubuntu.com/ubuntu/ \
 --passwd --accounts=root  --dhcp
Load DomU via profile:-
kernel      = '/boot/vmlinuz-2.6.27.5'
ramdisk     = '/boot/initrd-2.6.27.5.img'
memory      = '2048'
#
#  Disk device(s).
#
root        = '/dev/hda2 ro'
disk        = [
                  'file:/etc/xen/images/domains/IntrepidPVS/swap.img,hda1,w',
                  'file:/etc/xen/images/domains/IntrepidPVS/disk.img,hda2,w',
              ]
#
#  Hostname
#
name        = 'IntrepidPVS'
#
#  Networking
#
dhcp        = 'dhcp'
vif         = [ 'mac=00:16:3E:7D:DB:85' ]
#
#  Behaviour
#
on_poweroff = 'destroy'
on_reboot   = 'restart'
on_crash    = 'restart'
console='xvc0'
Run at DomU:-
# apt-get upgrade
# apt-get install linux-image-server
# shutdown -P now
Now load DomU via profile :-
kernel      = '/etc/xen/vmlinuz-2.6.27-9-server'
ramdisk     = '/etc/xen/initrd.img-2.6.27-9-server'
memory      = '1024'
root        = '/dev/xvda2 ro'
disk        = [
                  'file:/etc/xen/images/domains/IntrepidPVS/swap.img,xvda1,w',
                  'file:/etc/xen/images/domains/IntrepidPVS/disk.img,xvda2,w',
              ]
name        = 'IntrepidPVS'
vif         = [ 'bridge=br0' ]
on_poweroff = 'destroy'
on_reboot   = 'restart'
on_crash    = 'restart'
console='hvc0'
At DomU ran tasksel to install Basic Intrepid Server,Opensshserver,Ubuntu Desktop
Now scp image files to remote Xen 3.3.1-RC4 CentOS 5.2 Dom0 and attempt to load DomU:-
[root@dhcppc0 xen]# cat IntrepidPVSRV-9.cfg
kernel      = '/etc/xen/vmlinuz-2.6.27-9-server'
ramdisk     = '/etc/xen/initrd.img-2.6.27-9-server'
memory      = '4096'
root        = '/dev/xvda2 ro'
disk        = [
                  'file:/etc/xen/images/domains/IntrepidPVS/swap.img,xvda1,w',
                  'file:/etc/xen/images/domains/IntrepidPVS/disk.img,xvda2,w',
              ]
name        = 'IntrepidPVS'
vif         = [ 'bridge=eth0' ]
# dhcp        = 'dhcp'
# vif         = [ 'mac=00:16:3E:7D:DB:85' ]
on_poweroff = 'destroy'
on_reboot   = 'restart'
on_crash    = 'restart'
console='hvc0'
[root@dhcppc0 xen]# xm create -c IntrepidPVSRV-9.cfg
Using config file "./IntrepidPVSRV-9.cfg".
Started domain IntrepidPVS
 -> 0x00100000
[    0.000000] SMP: Allowing 1 CPUs, 0 hotplug CPUs
[    0.000000] No local APIC present
[    0.000000] PM: Registered nosave memory: 00000000000a0000 - 0000000000100000
[    0.000000] PM: Registered nosave memory: 0000000002049000 - 000000000284c000
[    0.000000] PCI: Warning: Cannot find a gap in the 32bit address range
[    0.000000] PCI: Unassigned devices with 32bit resource registers may break!
[    0.000000] Allocating PCI resources starting at 100200000 (gap: 100100000:400000)
[    0.000000] PERCPU: Allocating 64928 bytes of per cpu data
[    0.000000] Built 1 zonelists in Node order, mobility grouping on.  Total pages: 1028322
[    0.000000] Policy zone: DMA32
[    0.000000] Kernel command line: root=/dev/xvda2 ro 
[    0.000000] Initializing CPU#0
[    0.000000] PID hash table entries: 4096 (order: 12, 32768 bytes)
[    0.000000] Detected 3005.554 MHz processor.
[    0.010000] Console: colour dummy device 80x25
[    0.010000] console [tty0] enabled
[    0.010000] console [hvc0] enabled
[    0.010000] Checking aperture...
[    0.010000] No AGP bridge found
[    0.010000] Memory: 4080548k/4194304k available (3111k kernel code, 105168k reserved, 1577k data, 536k init)
[    0.010000] SLUB: Genslabs=13, HWalign=64, Order=0-3, MinObjects=0, CPUs=1, Nodes=1
[    0.010000] installing Xen timer for CPU 0
[    0.010000] Calibrating delay loop (skipped), value calculated using timer frequency.. 6011.10 BogoMIPS (lpj=30055540)
[    0.010000] Security Framework initialized
[    0.010000] SELinux:  Disabled at boot.
[    0.010000] AppArmor: AppArmor initialized
[    0.010000] Dentry cache hash table entries: 524288 (order: 10, 4194304 bytes)
[    0.010000] Inode-cache hash table entries: 262144 (order: 9, 2097152 bytes)
[    0.010000] Mount-cache hash table entries: 256
[    0.010000] Initializing cgroup subsys ns
[    0.010000] Initializing cgroup subsys cpuacct
[    0.010000] Initializing cgroup subsys memory
[    0.010000] CPU: L1 I cache: 32K, L1 D cache: 32K
[    0.010000] CPU: L2 cache: 6144K
[    0.010000] CPU 0/0 -> Node 0
[    0.010000] CPU: Physical Processor ID: 0
[    0.010000] CPU: Processor Core ID: 0
[    0.010000] SMP alternatives: switching to UP code
[    0.016801] Freeing SMP alternatives: 24k freed
[    0.016852] cpu 0 spinlock event irq 1
[    0.016912] Brought up 1 CPUs
[    0.017170] net_namespace: 1552 bytes
[    0.017177] Booting paravirtualized kernel on Xen
[    0.017180] Xen version: 3.3.1-rc4 (preserve-AD)
[    0.017279] Grant table initialized
[    0.037303] Time: 165:165:165  Date: 165/165/65
[    0.037325] NET: Registered protocol family 16
[    0.037545] PCI: Fatal: No config space access function found
[    0.037545] ACPI: Interpreter disabled.
[    0.037545] Linux Plug and Play Support v0.97 (c) Adam Belay
[    0.037545] pnp: PnP ACPI: disabled
[    0.037545] xen_balloon: Initialising balloon driver.
[    0.037545] PCI: System does not support PCI
[    0.037545] PCI: System does not support PCI
[    0.070043] NET: Registered protocol family 8
[    0.070048] NET: Registered protocol family 20
[    0.070080] NetLabel: Initializing
[    0.070083] NetLabel:  domain hash size = 128
[    0.070086] NetLabel:  protocols = UNLABELED CIPSOv4
[    0.070098] NetLabel:  unlabeled traffic allowed by default
[    0.070104] PCI-GART: No AMD northbridge found.
[    0.070427] tracer: 1286 pages allocated for 65536 entries of 80 bytes
[    0.070432]    actual entries 65586
[    0.070500] AppArmor: AppArmor Filesystem Enabled
[    0.070887] NET: Registered protocol family 2
[    0.160164] IP route cache hash table entries: 131072 (order: 8, 1048576 bytes)
[    0.161321] TCP established hash table entries: 524288 (order: 11, 8388608 bytes)
[    0.163810] TCP bind hash table entries: 65536 (order: 8, 1048576 bytes)
[    0.164268] TCP: Hash tables configured (established 524288 bind 65536)
[    0.164274] TCP reno registered
[    0.190084] NET: Registered protocol family 1
[    0.190167] checking if image is initramfs... it is
[    0.206315] Freeing initrd memory: 24128k freed
[    0.213559] platform rtc_cmos: registered platform RTC device (no PNP device found)
[    0.213981] audit: initializing netlink socket (disabled)
[    0.213996] type=2000 audit(1231157812.989:1): initialized
[    0.218247] HugeTLB registered 2 MB page size, pre-allocated 0 pages
[    0.220119] VFS: Disk quotas dquot_6.5.1
[    0.220198] Dquot-cache hash table entries: 512 (order 0, 4096 bytes)
[    0.220291] msgmni has been set to 8239
[    0.220389] io scheduler noop registered
[    0.220393] io scheduler anticipatory registered
[    0.220396] io scheduler deadline registered (default)
[    0.220514] io scheduler cfq registered
[    0.248088] Linux agpgart interface v0.103
[    0.248099] Serial: 8250/16550 driver4 ports, IRQ sharing enabled
[    0.249604] brd: module loaded
[    0.249658] input: Macintosh mouse button emulation as /devices/virtual/input/input0
[    0.249786] PNP: No PS/2 controller found. Probing ports directly.
[    0.250640] i8042.c: No controller found.
[    0.270514] mice: PS/2 mouse device common for all mice
[    0.270562] rtc_cmos: probe of rtc_cmos failed with error -16
[    0.270637] cpuidle: using governor ladder
[    0.270641] cpuidle: using governor menu
[    0.270882] TCP cubic registered
[    0.270898] IO APIC resources could be not be allocated.
[    0.271066] registered taskstats version 1
[    0.271076] XENBUS: Device with no driver: device/vbd/51713
[    0.271080] XENBUS: Device with no driver: device/vbd/51714
[    0.271083] XENBUS: Device with no driver: device/vif/0
[    0.271087] XENBUS: Device with no driver: device/console/0
[    0.271097]   Magic number: 1:252:3141
[    0.271168] /build/buildd/linux-2.6.27/drivers/rtc/hctosys.c: unable to open rtc device (rtc0)
[    0.271174] BIOS EDD facility v0.16 2004-Jun-25, 0 devices found
[    0.271178] EDD information not available.
[    0.271194] Freeing unused kernel memory: 536k freed
[    0.271337] Write protecting the kernel read-only data: 4348k
Loading, please wait...
Couldnt get a file descriptor referring to the console
Begin: Loading essential drivers... ...
[    0.360925] thermal: Unknown symbol acpi_processor_set_thermal_limit
Done.
Begin: Running /scripts/init-premount ...
Done.
Begin: Mounting root file system... ...
Begin: Running /scripts/local-top ...
Done.
Begin: Waiting for root file system... ...
[    1.101218] blkfront: xvda1: barriers enabled
[    1.103431] blkfront: xvda2: barriers enabled
Done.
Begin: Running /scripts/local-premount ...
Done.
[    1.235535] kjournald starting.  Commit interval 5 seconds
[    1.235547] EXT3-fs: mounted filesystem with ordered data mode.
Begin: Running /scripts/local-bottom ...
Done.
Done.
Begin: Running /scripts/init-bottom ...
Done.
 * Reading files needed to boot...                                       [ OK ] 
 * Setting preliminary keymap...                                         [ OK ] 
 * Setting the system clock
Cannot access the Hardware Clock via any known method.
Use the --debug option to see the details of our search for an access method.
 * Unable to set System Clock to: Mon Jan  5 12:16:54 UTC 2009
 * Starting basic networking...                                          [ OK ] 
 * Starting kernel event manager...                                             [    1.553792] udevd version 124 started
                                                                         [ OK ]
 * Loading hardware drivers...                                                  [    2.080152] input: PC Speaker as /devices/platform/pcspkr/input/input1
[    2.081879] Initialising Xen virtual ethernet driver.
                                                                         [ OK ]
 * Loading kernel modules...                                                     * Loading manual drivers...                                                                               [ OK ] 
 * Setting kernel variables (/etc/sysctl.conf)...                        [ OK ] 
 * Setting kernel variables (/etc/sysctl.d/10-console-messages.conf)...  [ OK ] 
 * Setting kernel variables (/etc/sysctl.d/10-network-security.conf)...  [ OK ] 
 * Setting kernel variables (/etc/sysctl.d/10-process-security.conf)...  [ OK ] 
 * Setting kernel variables (/etc/sysctl.d/30-tracker.conf)...           [ OK ] 
 * Activating swap...                                                    [ OK ] 
 * Checking root file system...                                                 fsck 1.41.3 (12-Oct-2008)
/lib/init/rw/rootdev: clean, 123776/393216 files, 935684/1572864 blocks
                                                                         [ OK ]
 * Checking file systems...                                                     fsck 1.41.3 (12-Oct-2008)
                                                                         [ OK ]
 * Mounting local filesystems...                                         [ OK ] 
 * Activating swapfile swap...                                           [ OK ] 
 * Configuring network interfaces...                                     [ OK ] 
 * Setting up console font and keymap...                                 [ OK ] 
 * Starting system log daemon...                                         [ OK ] 
 * Doing Wacom setup...                                                         cat: */id: No such file or directory
                                                                         [ OK ]
 * Starting kernel log daemon...                                         [ OK ] 
 * Starting system message bus dbus                                      [ OK ] 
 * Starting Avahi mDNS/DNS-SD Daemon avahi-daemon                        [ OK ] 
 * Starting OpenBSD Secure Shell server sshd                             [ OK ] 
 * Starting Common Unix Printing System: cupsd                           [ OK ] 
 * Starting powernowd...                                                         * CPU frequency scaling not supported...                                                                  [ OK ] 
 * Starting internet superserver xinetd                                  [ OK ] 
 * Starting Hardware abstraction layer hald                              [ OK ] 
 * Starting bluetooth                                                    [ OK ] 
[   13.740883] pan0: Dropping NETIF_F_UFO since no NETIF_F_HW_CSUM feature.
 * Starting NetworkManager...                                            [ OK ] 
 * Starting GNOME Display Manager...                                     [ OK ] 
 * Starting System Tools Backends system-tools-backends                  [ OK ] 
 * Starting anac(h)ronistic cron anacron                                 [ OK ] 
 * Starting periodic command scheduler crond                             [ OK ] 
 * Enabling additional executable binary formats binfmt-support          [ OK ] 
 * Checking battery state...                                             [ OK ] 
Ubuntu 8.10 IntrepidPVS hvc0
IntrepidPVS login: root
Password: 
Last login: Mon Jan  5 12:15:15 UTC 2009 on hvc0
Linux IntrepidPVS 2.6.27-9-server #1 SMP Thu Nov 20 22:56:07 UTC 2008 x86_64
The programs included with the Ubuntu system are free software;
the exact distribution terms for each program are described in the
individual files in /usr/share/doc/*/copyright.
Ubuntu comes with ABSOLUTELY NO WARRANTY, to the extent permitted by
applicable law.
To access official Ubuntu documentation, please visit:
http://help.ubuntu.com/
root@IntrepidPVS:~# ifconfig
eth0      Link encap:Ethernet  HWaddr 00:16:3e:05:8c:08  
          inet addr:192.168.1.36  Bcast:192.168.1.255  Mask:255.255.255.0
          inet6 addr: fe80::216:3eff:fe05:8c08/64 Scope:Link
          UP BROADCAST RUNNING MULTICAST  MTU:1500  Metric:1
          RX packets:20 errors:0 dropped:0 overruns:0 frame:0
          TX packets:31 errors:0 dropped:0 overruns:0 carrier:0
          collisions:0 txqueuelen:1000 
          RX bytes:4214 (4.2 KB)  TX bytes:5023 (5.0 KB)
          Interrupt:10 
lo        Link encap:Local Loopback  
          inet addr:127.0.0.1  Mask:255.0.0.0
          inet6 addr: ::1/128 Scope:Host
          UP LOOPBACK RUNNING  MTU:16436  Metric:1
          RX packets:0 errors:0 dropped:0 overruns:0 frame:0
          TX packets:0 errors:0 dropped:0 overruns:0 carrier:0
          collisions:0 txqueuelen:0 
          RX bytes:0 (0.0 B)  TX bytes:0 (0.0 B)
root@IntrepidPVS:~# ssh root@192.168.1.33
The authenticity of host '192.168.1.33 (192.168.1.33)' can't be established.
RSA key fingerprint is dc:a3:69:28:70:15:3e:20:28:72:76:d9:be:52:2d:04.
Are you sure you want to continue connecting (yes/no)? yes
Warning: Permanently added '192.168.1.33' (RSA) to the list of known hosts.
root@192.168.1.33's password: 
Last login: Mon Jan  5 15:06:34 2009
[root@dhcppc0 ~]# uname -a
Linux dhcppc0 2.6.18.8-xen #1 SMP Wed Dec 31 16:02:18 MSK 2008 x86_64 x86_64 x86_64 GNU/Linux
[root@dhcppc0 ~]# xm list
Name                                        ID   Mem VCPUs      State   Time(s)
Domain-0                                     0  3937     2     r-----     93.5
IntrepidPVS                                  2  4096     1     -b----      5.2
[root@dhcppc0 ~]# xm list -l IntrepidPVS
(domain
    (domid 2)
    (on_crash restart)
    (uuid f8e08677-6be0-a0f1-3eb8-008ebe067ca7)
    (bootloader_args )
    (vcpus 1)
    (name IntrepidPVS)
    (on_poweroff destroy)
    (on_reboot restart)
    (bootloader )
    (maxmem 4096)
    (memory 4096)
    (shadow_memory 0)
    (features )
    (on_xend_start ignore)
    (on_xend_stop ignore)
    (start_time 1231157812.3)
    (cpu_time 5.192158245)
    (online_vcpus 1)
    (image
        (linux
            (kernel /etc/xen/vmlinuz-2.6.27-9-server)
            (ramdisk /etc/xen/initrd.img-2.6.27-9-server)
            (args 'root=/dev/xvda2 ro ')
            (notes
                (HV_START_LOW 18446603336221196288)
                (FEATURES '!writable_page_tables|pae_pgdir_above_4gb')
                (VIRT_BASE 18446744071562067968)
                (GUEST_VERSION 2.6)
                (PADDR_OFFSET 0)
                (GUEST_OS linux)
                (HYPERCALL_PAGE 18446744071564201984)
                (LOADER generic)
                (SUSPEND_CANCEL 1)
                (PAE_MODE yes)
                (ENTRY 18446744071569539584)
                (XEN_VERSION xen-3.0)
            )
        )
    )
    (status 2)
    (state -b----)
    (store_mfn 2100105)
    (console_mfn 2100104)
    (device
        (vif
            (bridge eth0)
            (mac 00:16:3e:05:8c:08)
            (script /etc/xen/scripts/vif-bridge)
            (uuid 832e9f38-cce2-7548-58bf-8a38555570d3)
            (backend 0)
        )
    )
    (device
        (vbd
            (protocol x86_64-abi)
            (uuid 225490e4-b0e0-52c2-38a1-e784a1fad52c)
            (dev xvda1:disk)
            (uname file:/etc/xen/images/domains/IntrepidPVS/swap.img)
            (mode w)
            (backend 0)
            (bootable 1)
            (VDI )
        )
    )
    (device
        (vbd
            (protocol x86_64-abi)
            (uuid 1a365784-08de-d739-7242-818c0f0ebfb8)
            (dev xvda2:disk)
            (uname file:/etc/xen/images/domains/IntrepidPVS/disk.img)
            (mode w)
            (backend 0)
            (bootable 0)
            (VDI )
        )
    )
    (device
        (console
            (protocol vt100)
            (location 2)
            (uuid 0c2289cb-8a3b-8ffd-a827-04f0b1eb2369)
        )
    )
)
Setup VNC at DomU and enjoy graphical interface:-
 
 References
1.
Howto Ubuntu Intrepid Ibex 8.10 Xen Dom0 2.
Setup Xen 3.3.0 Ubuntu Intrepid Server Dom0 via build xen-kernel based on http://xenbits.xensource.com/ext/linux-2.6.27-xen.hg3.
Failure to create Ubuntu Intrepid Server Xen PV DomU via vmbuilder