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KVM discussion

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So I'm wondering, why do people prefer KVM over other visualization types? It's slower compared to openVZ. Sure everything is virtualized, but why is this necessary? Are you doing some heavy modification of an OS (Custom kernel etc etc)?

I guess what I'm asking is, what are the benefits that you get on KVM that you actually use, that's not available in openVZ?

(P.S. - I'm looking for a KVM to play with, preferably in Texas with about 256 MB of ram / 10 GB HD / 100 GB bandwidth for no more than $15 / year. Feel free to shoot me a PM or post in the thread if you have any suggestions)


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