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A really dumb question: Would it be usable for running some kind of virtual machine, like ubuntu in virtual box or vagrant?

I stumbled upon this tutorial: https://software.intel.com/sites/default/files/managed/54/8b... it seems that you can at least assign co-processors to KVM virtual machines.

No

Craps, it would have been so cool to buy a 200 usd extension for your computer and have a mega virtual machine...