Hey guys, i've been facing the same trouble on my eeepc 1000ha. Ever since i upgraded to new and testing drivers and xorg while keeping my 2.6.30 kernel i was getting an awful lot of screen corruptions and wierd colorful frags and crazy black squares all over the screen (Xdamage complaints and all). So an upgrade to gentoo-sources-2.6.33-r2 fixed most of those things, but i started facing wierd lockups and segfaults while running opengl stuff.
I narrowed it down to a few significant situations in which i get hardlocks or segmentation faults from Xorg. I think it's a xorg issue with KVM like you guys have mentioned. I tried disabling KVM on my kernel config, but I couldnt start X and i'm too lazy to hack around xorg to make it run, but since you guys have already tested KVM and non-KVM setups i don't think that would be of any help.
I've disabled the xscreensaver, because whenever it goes fullscreen after a few seconds it hardlocks. I preview any opengl screensaver on the small preview box, hitting the button to make it go fullscreen results in trouble.
Running a simple opengl game on fullscreen in any resolution but my native 1024x600 results in a segfault and xorg quits, but i can restart it normally and repeat the procedure and get another segfault.
Running the same game on fullscreen and full resolution results in a hardlock.
my intel hardware: "00:02.0 VGA compatible controller: Intel Corporation Mobile 945GME Express Integrated Graphics Controller (rev 03)"
xorg is 1.8.0
kernel is gentoo-sources-2.6.33-r2
xf86-video-intel is 2.11.0
So, I suppose the weak spot is mixing modesetting and 3d acceleration, if i keep off those things, the enviroment should be stable... i hope. I miss the jumping cow saver though.

I'm looking forward to testing xorg-server-1.8.1 or perhaps new xf86-video-intel drivers. Maybe that will fix those issues.