1. A system of facilitating management of storage of a pageable mode virtual environment, said system comprising: a CPU of the pageable mode virtual environment; and means for managing storage of the pageable mode virtual environment, the managing being performed by the CPU absent intervention of a host of the pageable mode virtual environment, wherein the means for managing comprises means for resolving by the CPU a storage fault absent intervention by the host and eliminating context switching overhead between the host and a guest of the pageable mode virtual environment.