Updating to 10.8.2 has broken virtualbox for me. The error I'm getting is: "VT-x is being used by another hypervisor". I'd be careful updating if you use virtualbox for development.
I tried reinstalling/updating to the latest version of VirtualBox, but it did not help.
Update: I managed to disable VT-x by following the procedure described at http://tech.techteam.gr/virtualbox-vt-x-problem-cannot-disab... and starting the virutal machine with VBoxHeadless. However, this immediately made my host machine completely lock up, so I cannot recommend it :)
I tried reinstalling/updating to the latest version of VirtualBox, but it did not help.
Update: I managed to disable VT-x by following the procedure described at http://tech.techteam.gr/virtualbox-vt-x-problem-cannot-disab... and starting the virutal machine with VBoxHeadless. However, this immediately made my host machine completely lock up, so I cannot recommend it :)