1. A system to deprivilege components of a virtual machine monitor, comprising: a platform with virtualization hardware support having a plurality of virtual machine (VM) privilege levels, the platform capable of transitioning among processes running in various VM privilege levels based on at least one trapped event; a micro-hypervisor portion of a virtual machine monitor (VMM), wherein program execution on the platform is to transfer to the micro-hypervisor after selected trapped events; and at least one service virtual machine (SVM) portion of a VMM to service the least one trapped event, the SVM to run at a VM privilege level lower than the VM privilege level operated in by the micro-hypervisor, wherein program execution on the platform is to transfer to the at least one SVM by the micro-hypervisor based on the at least one trapped event.