I have a centos 5.8 guest with 2.6.18 kernel.
I compiled the kernel 2.6.35.4 and boot from it.
[<c043127c>] ? panic+0x50/0xc1
[<c0433df8>] ? do_exit+0x5b/0x2b3
[<c069c1ed>] ? opps_end+0x90/0x94
[<c069beea>] ? do_general_protection+0x0/0x106
[<c069b8b6>] ? error_code+0x66/0x6c
[<c069beea>] ? do_general_protection+0x0/0x106
[<c08680b0>] ? intel_pmu_init+0x110/0x2c3
[<c086828d>] ? init_hw_perf_events+0x2a/0x27d
[<c0867e73>] ? check_bugs+0x5/0x2e
[<c08618b0>] ? start_kernel+0x21b/0x227
<domain type='kvm' id='160'>
<name>i-centos5</name>
<uuid>d5e33a85-33d7-41e8-b68f-c87b87986f50</uuid>
<memory unit='KiB'>1048576</memory>
<currentMemory unit='KiB'>1048576</currentMemory>
<vcpu placement='static'>4</vcpu>
<resource>
<partition>/machine</partition>
</resource>
<os>
<type arch='x86_64' machine='pc-i440fx-rhel7.0.0'>hvm</type>
<boot dev='hd'/>
<boot dev='cdrom'/>
</os>
<features>
<acpi/>
</features>
<cpu mode='host-passthrough'/>
<clock offset='localtime'/>
<on_poweroff>destroy</on_poweroff>
<on_reboot>restart</on_reboot>
<on_crash>destroy</on_crash>
<devices>
<emulator>/usr/libexec/qemu-kvm</emulator>
<disk type='file' device='disk'>
<driver name='qemu' type='qcow2'/>
<source file='/root/yaowj/i-centos5/snap2.qcow2'/>
<backingStore type='file' index='1'>
<format type='raw'/>
<source file='/home/centos5.qcow2'/>
<backingStore/>
</backingStore>
<target dev='vda' bus='virtio'/>
<alias name='virtio-disk0'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x04' function='0x0'/>
</disk>
<controller type='usb' index='0' model='ich9-ehci1'>
<alias name='usb'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x05' function='0x7'/>
</controller>
<controller type='usb' index='0' model='ich9-uhci1'>
<alias name='usb'/>
<master startport='0'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x05' function='0x0' multifunction='on'/>
</controller>
<controller type='usb' index='0' model='ich9-uhci2'>
<alias name='usb'/>
<master startport='2'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x05' function='0x1'/>
</controller>
<controller type='usb' index='0' model='ich9-uhci3'>
<alias name='usb'/>
<master startport='4'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x05' function='0x2'/>
</controller>
<controller type='pci' index='0' model='pci-root'>
<alias name='pci.0'/>
</controller>
<interface type='bridge'>
<mac address='fa:16:3e:81:00:01'/>
<source bridge='eucabr'/>
<target dev='vnet0'/>
<model type='virtio'/>
<driver name='qemu'/>
<alias name='net0'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x03' function='0x0'/>
</interface>
<serial type='pty'>
<source path='/dev/pts/7'/>
<target port='0'/>
<alias name='serial0'/>
</serial>
<console type='pty' tty='/dev/pts/7'>
<source path='/dev/pts/7'/>
<target type='serial' port='0'/>
<alias name='serial0'/>
</console>
<input type='tablet' bus='usb'>
<alias name='input0'/>
</input>
<input type='mouse' bus='ps2'/>
<input type='keyboard' bus='ps2'/>
<graphics type='vnc' port='5900' autoport='yes' listen='0.0.0.0' keymap='en-us'>
<listen type='address' address='0.0.0.0'/>
</graphics>
<video>
<model type='cirrus' vram='16384' heads='1'/>
<alias name='video0'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x02' function='0x0'/>
</video>
<memballoon model='virtio'>
<alias name='balloon0'/>
<address type='pci' domain='0x0000' bus='0x00' slot='0x06' function='0x0'/>
</memballoon>
</devices>
</domain>
QEMU emulator version 1.5.3 (qemu-kvm-1.5.3-105.el7_2.3), Copyright (c) 2003-2008 Fabrice Bellard
Linux gcloud38122 4.2.0-1.el7.elrepo.x86_64 #1 SMP Sun Aug 30 21:25:29 EDT 2015 x86_64 x86_64 x86_64 GNU/Linux