Thankfully, better designs such as seL4's VMM do exist, although it might need a little more work [1] until usable for the purpose.
(disclaimer: working at Google on virtualization security)
I haven't used Xen for a while, but seemed to recall that Amazon forked it way back in the 3.x days and had been doing their own incompatible thing with it since then.
Corrections welcome of course :)