reproduced on:
Machine: Dell R900 (128G memory)
Host : RHEL-Server-5.4 x86_64
PV guest : RHEL-AS-4.8 32bit kernel-xenU-2.6.9-89.EL
after update kernel-xenU-2.6.9-89.0.25.EL.i686.rpm, guest can boot up successfully.
32bit Dom0 can't support > 64G memory , so didn't test on it.
Change status to "VERIFIED"
An advisory has been issued which should help the problem
described in this bug report. This report is therefore being
closed with a resolution of ERRATA. For more information
on therefore solution and/or where to find the updated files,
please follow the link below. You may reopen this bug report
if the solution does not work for you.
http://rhn.redhat.com/errata/RHSA-2010-0394.html