There is a guide to install and run OpenVZ in Ubuntu GNU/Linux 10.04 LTS (Lucid Lynx), when the patch for Linux 2.6.32 is not yet completely stable:
Note: there is at least one missing dependency. Be sure zlib1g-dev is installed before you attempt to build an OpenVZ kernel using this guide.
uname -a Linux chinaberry 220.127.116.11-ovz32 #1 SMP Sat Oct 30 09:22:38 EDT 2010 i686 GNU/Linux
It's working for me.