Well, I was having the same error, I was also not able to update the XEN kernel, but with the help of one of my friend, I followed the exact steps which are mentioned in above post. After updating kernel, it looks like below written, and if you also get the same then your problem is solved:
Code:
default=0
timeout=5
splashimage=(hd0,0)/grub/splash.xpm.gz
hiddenmenu
title CentOS (2.6.18-194.32.1.el5xen)
root (hd0,0)
kernel /vmlinuz-2.6.18-194.32.1.el5xen ro root=/dev/VolGroup00/LogVol00 console=xvc0
initrd /initrd-2.6.18-194.32.1.el5xen.img
title CentOS (2.6.18-194.26.1.el5xen)
root (hd0,0)
kernel /vmlinuz-2.6.18-194.26.1.el5xen ro root=/dev/VolGroup00/LogVol00 console=xvc0
initrd /initrd-2.6.18-194.26.1.el5xen.img
title CentOS (2.6.18-194.17.4.el5xen)
root (hd0,0)
kernel /vmlinuz-2.6.18-194.17.4.el5xen ro root=/dev/VolGroup00/LogVol00 console=xvc0
initrd /initrd-2.6.18-194.17.4.el5xen.img
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