Run all commands as root.

Preallocate disk image. 

># qemu-img create -f qcow2 -o preallocation=metadata \
  /var/lib/libvirt/images/winserv_vio.qcow2 20G                        

Start guest install. 

># virt-install --connect qemu:///system --hvm --name WinServ \
   --ram 2048 --vcpus 2 --cdrom /opt/samba/share/9200.16384.WIN8_RTM\
.120725-1247_X64FRE_SERVER_EVAL_EN-US-HRM_SSS_X64FREE_EN-US_DV5.ISO \
  --disk path=/opt/samba/share/virtio-win-0.1-52.iso,device=cdrom \
  --disk path=/opt/samba/share/flop.img,device=floppy \
  --disk path=/var/lib/libvirt/images/winserv_vio.qcow2\
,format=qcow2,bus=virtio,cache=none \
  --network network=default,model=virtio \
  --memballoon model=virtio --vnc --os-type=windows \
  --os-variant=win2k8 --noautoconsole \
  --accelerate --noapic --keymap=en-us --video=cirrus --force