diff --git a/system/xen/dom0/README.dom0 b/system/xen/dom0/README.dom0
index b58639c949..9ac114bda6 100644
--- a/system/xen/dom0/README.dom0
+++ b/system/xen/dom0/README.dom0
@@ -34,10 +34,10 @@ and Xen VMM, and packages them up as a single file that looks like a bzImage
 Linux kernel. For example this is how mbootpack works:
 
 # cd /boot
-# gzip -d -c /boot/xen-4.1.1.gz > /boot/xen-4.1.1
+# gzip -d -c /boot/xen-4.1.2.gz > /boot/xen-4.1.2
 # gzip -d -c /boot/initrd-xen.gz > /boot/initrd-xen
 # mbootpack -o /boot/vmlinuz-2.6.34.7-xen -m /usr/src/linux-2.6.34.7-xen/vmlinux \
-    -m /boot/initrd-xen /boot/xen-4.1.1
+    -m /boot/initrd-xen /boot/xen-4.1.2
 
 After a new kernel image is created, add something like the folowing to lilo.conf:
 
diff --git a/system/xen/dom0/kernel-xen.sh b/system/xen/dom0/kernel-xen.sh
index 75b4baff06..ce798e3302 100644
--- a/system/xen/dom0/kernel-xen.sh
+++ b/system/xen/dom0/kernel-xen.sh
@@ -12,7 +12,7 @@ VERSION=${VERSION:-2.6.34.7}
 SVERSION=${SVERSION:-2.6.34-6}
 
 # Xen version
-XVERSION=${XVERSION:-4.1.1}
+XVERSION=${XVERSION:-4.1.2}
 
 BOOTLOADER=${BOOTLOADER:-lilo}
 
diff --git a/system/xen/patches/use_already_present_ipxe.diff b/system/xen/patches/use_already_present_ipxe.diff
new file mode 100644
index 0000000000..f7ce57c6db
--- /dev/null
+++ b/system/xen/patches/use_already_present_ipxe.diff
@@ -0,0 +1,16 @@
+diff -Nur xen-4.1.2.orig/tools/firmware/etherboot/Makefile xen-4.1.2/tools/firmware/etherboot/Makefile
+--- xen-4.1.2.orig/tools/firmware/etherboot/Makefile	2011-10-20 12:05:41.000000000 -0500
++++ xen-4.1.2/tools/firmware/etherboot/Makefile	2011-12-10 00:16:40.217911034 -0600
+@@ -35,12 +35,6 @@
+ 	mv -f $@.new $@
+ 
+ $T:
+-	if ! wget -O _$T $(IPXE_TARBALL_URL); then \
+-		$(GIT) clone $(IPXE_GIT_URL) $D.git; \
+-		(cd $D.git && $(GIT) archive --format=tar --prefix=$D/ \
+-		$(IPXE_GIT_TAG) | gzip >../_$T); \
+-		rm -rf $D.git; \
+-	fi
+ 	mv _$T $T
+ 
+ $D/src/arch/i386/Makefile: $T Config
diff --git a/system/xen/xen.SlackBuild b/system/xen/xen.SlackBuild
index 3026e5c03e..313be70a4d 100644
--- a/system/xen/xen.SlackBuild
+++ b/system/xen/xen.SlackBuild
@@ -23,7 +23,7 @@
 #  ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
 
 PRGNAM=xen
-VERSION=${VERSION:-4.1.1}
+VERSION=${VERSION:-4.1.2}
 BUILD=${BUILD:-1}
 TAG=${TAG:-_SBo}
 
@@ -72,6 +72,11 @@ find . \
  \( -perm 666 -o -perm 664 -o -perm 600 -o -perm 444 -o -perm 440 -o -perm 400 \) \
  -exec chmod 644 {} \;
 
+# Let's not download stuff during the build...
+patch -p1 <$CWD/patches/use_already_present_ipxe.diff
+cp -a $CWD/ipxe-git-v1.0.0.tar.gz tools/firmware/etherboot/_ipxe.tar.gz
+cp -a $CWD/{lwip,zlib,newlib,pciutils,grub}-*.tar.?z* stubdom
+
 make -C xen \
   docdir=/usr/doc/$PRGNAM-$VERSION \
   DOCDIR=/usr/doc/$PRGNAM-$VERSION \
diff --git a/system/xen/xen.info b/system/xen/xen.info
index a38e68cf59..2e86c7371d 100644
--- a/system/xen/xen.info
+++ b/system/xen/xen.info
@@ -1,10 +1,22 @@
 PRGNAM="xen"
-VERSION="4.1.1"
+VERSION="4.1.2"
 HOMEPAGE="http://www.xen.org/"
-DOWNLOAD="http://bits.xensource.com/oss-xen/release/4.1.1/xen-4.1.1.tar.gz"
-MD5SUM="fab4bf74d73444ff9b43bced2e4fc5a2"
+DOWNLOAD="http://bits.xensource.com/oss-xen/release/4.1.2/xen-4.1.2.tar.gz \
+          http://xenbits.xensource.com/xen-extfiles/ipxe-git-v1.0.0.tar.gz \
+          http://xenbits.xensource.com/xen-extfiles/lwip-1.3.0.tar.gz \
+          http://xenbits.xensource.com/xen-extfiles/zlib-1.2.3.tar.gz \
+          http://xenbits.xensource.com/xen-extfiles/newlib-1.16.0.tar.gz \
+          http://xenbits.xensource.com/xen-extfiles/pciutils-2.2.9.tar.bz2 \
+          http://xenbits.xensource.com/xen-extfiles/grub-0.97.tar.gz"
+MD5SUM="73561faf3c1b5e36ec5c089b5db848ad \
+        fb7df96781d337899066d82059346885 \
+        36cc57650cffda9a0269493be2a169bb \
+        debc62758716a169df9f62e6ab2bc634 \
+        bf8f1f9e3ca83d732c00a79a6ef29bc4 \
+        cec05e7785497c5e19da2f114b934ffd \
+        cd3f3eb54446be6003156158d51f4884"
 DOWNLOAD_x86_64=""
 MD5SUM_x86_64=""
 MAINTAINER="mario"
 EMAIL="mario@slackverse.org"
-APPROVED="Niels Horn"
+APPROVED="Niels Horn,rworkman"