I can confirm that this problem still exists with VirtualBox 3.0.10
(PUEL). Also, my experience is the same as Fale's.  I was able to run
WinXP in VirtualBox 3.0.8 (PUEL) with VT-x turned on & 2 CPU's without
an issue.

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VirtualBox performance is much worse when Intel VT-x is enabled
https://bugs.launchpad.net/bugs/455112
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