This bug has been copied from bug #733416 and has been proposed to be backported to 5.7 z-stream (EUS).
in kernel-2.6.18-274.5.1.el5 linux-2.6-virt-xen-netfront-no-disable-s-g-when-renegotiating-features.patch
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory, and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. http://rhn.redhat.com/errata/RHSA-2011-1386.html
Technical note added. If any revisions are required, please edit the "Technical Notes" field accordingly. All revisions will be proofread by the Engineering Content Services team. New Contents: This update introduces support for jumbo frames in the Xen networking backend. However, old guests will still revert to a 1500-byte MTU after migration. This update also changes how the guest will probe the backend's Scatter/Gather I/O functionality. As long as a recent enough kernel is installed in the destination host, this will ensure that the guest will keep a large MTU even after migration.