Thanks. I discovered that iAtkos L2 was intel only.
I have an update on my situation.
I was able to boot up my OSX image on a friend's machine. I planted both of RAW-X86's kernels in /.
I then rebooted, and hit F8, then specified RAW-X86's kernel with /kernel_name -v busratio=18.
It actually worked! The lion kernel one didn't work, but I didn't expect it to, as i was using it on Snow Leopard. On my friend's machine, I confirmed that RAW-X86's kernel was usable with my system. I could ssh in, and run apps. I was worried about a lot of kernel dependencies to files on the filesystem.

I went home to try out my new image. Using RAW-X86's kernel, I got past the kernel panic about the vm_set_color_pages. I got excited when I was the OSX background and icons at the bottom.
However, the VM froze up after that I couldn't ping it either. I tried it again, and was able to ping it for a short period and even SSH into it, but after a certain part in the bootup, the VM freezes. I am able to boot into single user mode with -s. Safe mode with -x prompts me for a graphic login, but freezes once I login. So, that has not changed.
I tried looking for /var/log/system and /var/log/kernel in single user mode, but nothing was really obvious to me.
I disabled USB3 in the BIOS from a suggestion from a response to a bug post that RAW-X86 initially refers to, but that didn't change anything I tried so many permutations of flags, like vcpus=1 -force64 arch=i386 ForceRootUID=0 GraphicsEnabler=yes, etc...

Ideas? I guess I just need to know what's causing it to crash when the GUI starts up. single user mode works fine.