1. A system for processing intercepts for partitions in a virtual machine environment, said virtual machine environment comprising a virtualizer and a partition, said system comprising: a processor; a virtualizer that intercepts an intercept event from the partition, and forwards the intercept event to an external monitor; and an external monitor that suspends a virtual processor corresponding to the partition, executes the intercept, modifies the state of the virtual processor to correspond to the intercept event having been executed, and resumes the virtual processor.