reproducer:

#include <stdlib.h>
#include <errno.h>
#include <fcntl.h>
#include <unistd.h>
int main()
{
  char buf[256];
  int fd = open ("/proc/xen/xenbus", O_RDONLY | O_NONBLOCK); 
  if (fd == -1) {
    perror ("/proc/xen/xenbus");
    exit (1);
  }
  alarm (5);
  while (read (fd, buf, 256) == -1 && errno != EAGAIN)
    ;
  puts ("works");
  exit (0);
}

This request was evaluated by Red Hat Product Management for inclusion in a Red
Hat Enterprise Linux maintenance release.  Product Management has requested
further review of this request by Red Hat Engineering, for potential
inclusion in a Red Hat Enterprise Linux Update release for currently deployed
products.  This request is not yet committed for inclusion in an Update
release.

Committed in 89.42.EL . RPMS are available at http://people.redhat.com/vgoyal/rhel4/

QA verified this bug with kernel-xenU-2.6.9-93.EL:

Compile the reproducer in the guest and execute it. output is 'works'.

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-2011-0263.html