# rpm -q kvm virt-manager qemu
kvm-35-3.fc7
virt-manager-0.4.0-2.fc7
qemu-0.9.0-3.fc7

# virt-install
What is the name of your virtual machine? boxbox1
 How much RAM should be allocated (in megabytes)? 512
 What would you like to use as the disk (path)? /dev/mapper/VolGroup00-boxbox1
 Would you like to enable graphics support? (yes or no) yes
 What is the virtual CD image, CD device or install location? /dev/cdrom


Starting install...
libvir: QEMU error :
libvir: QEMU error :
libvir: QEMU error :
libvir: QEMU error : Timed out while reading monitor startup output
virDomainCreateLinux() failed Timed out while reading monitor startup output
Domain installation may not have been
 successful.  If it was, you can restart your domain
 by running 'virsh start boxbox1'; otherwise, please
 restart your installation.
Wed, 10 Oct 2007 23:11:50 ERROR    virDomainCreateLinux() failed Timed out while reading monitor startup output
Traceback (most recent call last):
  File "/usr/sbin/virt-install", line 474, in <module>
    main()
  File "/usr/sbin/virt-install", line 438, in main
    dom = guest.start_install(conscb,progresscb)
  File "/usr/lib/python2.5/site-packages/virtinst/Guest.py", line 708, in start_install
    return self._do_install(consolecb, meter)
  File "/usr/lib/python2.5/site-packages/virtinst/Guest.py", line 725, in _do_install
    self.domain = self.conn.createLinux(install_xml, 0)
  File "/usr/lib/python2.5/site-packages/libvirt.py", line 563, in createLinux
    if ret is None:raise libvirtError('virDomainCreateLinux() failed', conn=self)
libvirtError: virDomainCreateLinux() failed Timed out while reading monitor startup output