I have an Intel Celeron M processor and its not greyed out for me.
Interestingly, some process entries have a tick by the virtualisation.
Checking each entry in the list it seems that programs have a tick next to
virtualisation, like windows mail, msn messenger, sharpreader rss reader
and so on, all things I have running now have a tick. The other entries
without a tick are more like system processes.
I tried to remove a tick on one of the programs and it popped up "warning,
changing the virtualisation on a process may lead to loss of data, you
should do this only for debugging. Are you sure you want to change the
virtualisation for this process.