Edited to delete incorrect information; thanks for the correction RebateMonger, I'm surprised they took VT out of some of their newer CPUs.
Actually you don't NEED CPU integrated support for a hypervisor; many emulators work totally by software emulation or paravirtualization or other techniques that don't involve CPU based virtualization. In fact in many cases it is about as fast or faster to just skip most / all of the CPU integrated virtualization support.
In some cases, though, depending on the hypervisor, the host, and the guest you will need CPU based virtualization to be present.
There are no real specific motherboard or chipset requirements other than being compatible with your Host OS or host hypervisor (if the hypervisor runs on bare metal without a host OS).
If you have a motherboard with a more well supported set of peripheral controllers like USB, video chip, IDE/SATA controller, et. al. you may find that things run faster / more efficiently since the hypervisor may not have to virtualize the emulated device drivers quite as much if you're sharing host hardware resources with the guest.
It helps to have as much RAM as possible.. ideally what you'd expect to perform well for the host + what you'd expect to perform well for the guess + some more.
Having a multi-core CPU helps in that more cores are free to run the host / guests / et. al.
Originally posted by: VirtualLarry
What is the hardware requirements for using a hypervisor. Do you need a C2D CPU with VT extensions? What about mobo/chipset requirements?