[libvirt] Kvm virtualization vs emulation

Wishing Merry Christmas to all. I am preparing new production host for libvirt and I did encounter one issue I am a little confused about. I am using libvirt 0.8.6 with qemu 0.13 (both built for F13 from F14 SRPMS). When I create domain with <type arch='x86_64' machine='pc-0.13'>hvm</type> libvirt executes qemu-system-x86_64 with -enable-kvm option. The other host where I use libvirt 0.8.2 is running qemu-kvm for similar domain. The problem is that qemu-system with -enable-kvm is subjectively using qemu emulation instead of KVM full virtualization - there is nothing in log or so but the guest is slow and uses a lot of CPU for simple tasks. If I do cp /usr/bin/qemu-kvm /usr/bin/qemu-system-x68_64 the guest runs faster, uses less CPU on host, etc... Just booting RIPLinux is cca 3 times faster (about 10 secs vs 30). So my questions are: 1) what is the logic of choosing which qemu-something to run? 2) is there any way how to force libvirt to disable the qemu emulation at all? I'd prefer not to start domain that would not run with full virtualization at all. There is no requirement for emulation on this host and it is a huge waste of resources. 3) Is there a way how to check qemu process if it is using the full virtualizaiton? As I understand it then KVM allows processes to use some sort of guest mode process (in addition to user mode and kernel mode) so I should be able to check it but I did not find out how. Radek