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If it doesn't support the full gamut of protections offered by a bare-metal hypervisor like Xen, then it doesn't seem very secure.
But maybe someday.
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FWIW IMHO the minimum is there for hardware-enforced virtualized environments (see PMP and M-mode interception of S-mode instructions) in the base architecture
The forthcoming hypervisor extension will bring in flexibility in terms of memory, IRQ and other hardware management
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