m-kay, I compiled Qemu with accelerator fine.
But when i try to run my XP install, not only do i get.


But i get no display either.
What could be wrong?
Screenshot here.

Did you start the accelerator before running qemu? (depending on distro this can be done in different ways - on gentoo it was /etc/init.d/kqemu start, you might also be able to just modprobe the qemu accelerator module)

Try starting qemu with the -no-kqemu switch.