diff --git a/include/xenia/cpu.h b/include/xenia/cpu.h
index 6d34e971b..6cbef37a8 100644
--- a/include/xenia/cpu.h
+++ b/include/xenia/cpu.h
@@ -13,6 +13,32 @@
 #include <xenia/common.h>
 #include <xenia/core.h>
 
-void do_cpu_stuff();
+#include <xenia/kernel/module.h>
+
+
+typedef struct {
+  int reserved;
+} xe_cpu_options_t;
+
+
+struct xe_cpu;
+typedef struct xe_cpu* xe_cpu_ref;
+
+
+xe_cpu_ref xe_cpu_create(xe_pal_ref pal, xe_memory_ref memory,
+                         xe_cpu_options_t options);
+xe_cpu_ref xe_cpu_retain(xe_cpu_ref cpu);
+void xe_cpu_release(xe_cpu_ref cpu);
+
+xe_pal_ref xe_cpu_get_pal(xe_cpu_ref cpu);
+xe_memory_ref xe_cpu_get_memory(xe_cpu_ref cpu);
+
+int xe_cpu_prepare_module(xe_cpu_ref cpu, xe_module_ref module);
+
+int xe_cpu_execute(xe_cpu_ref cpu, uint32_t address);
+
+uint32_t xe_cpu_create_callback(xe_cpu_ref cpu,
+                                void (*callback)(void*), void *data);
+
 
 #endif  // XENIA_CPU_H_
diff --git a/include/xenia/kernel.h b/include/xenia/kernel.h
index f71da9250..7dffae2c6 100644
--- a/include/xenia/kernel.h
+++ b/include/xenia/kernel.h
@@ -12,6 +12,7 @@
 
 #include <xenia/common.h>
 #include <xenia/core.h>
+#include <xenia/cpu.h>
 
 #include <xenia/kernel/export.h>
 #include <xenia/kernel/module.h>
@@ -27,13 +28,14 @@ struct xe_kernel;
 typedef struct xe_kernel* xe_kernel_ref;
 
 
-xe_kernel_ref xe_kernel_create(xe_pal_ref pal, xe_memory_ref memory,
+xe_kernel_ref xe_kernel_create(xe_pal_ref pal, xe_cpu_ref cpu,
                                xe_kernel_options_t options);
 xe_kernel_ref xe_kernel_retain(xe_kernel_ref kernel);
 void xe_kernel_release(xe_kernel_ref kernel);
 
 xe_pal_ref xe_kernel_get_pal(xe_kernel_ref kernel);
 xe_memory_ref xe_kernel_get_memory(xe_kernel_ref kernel);
+xe_cpu_ref xe_kernel_get_cpu(xe_kernel_ref kernel);
 
 const xechar_t *xe_kernel_get_command_line(xe_kernel_ref kernel);
 
diff --git a/src/cpu/cpu.cc b/src/cpu/cpu.cc
index 87aa74e1b..ae081b7e9 100644
--- a/src/cpu/cpu.cc
+++ b/src/cpu/cpu.cc
@@ -17,19 +17,68 @@
 using namespace llvm;
 
 
-void do_cpu_stuff() {
+typedef struct xe_cpu {
+  xe_ref_t ref;
+
+  xe_cpu_options_t options;
+
+  xe_pal_ref      pal;
+  xe_memory_ref   memory;
+} xe_cpu_t;
+
+
+xe_cpu_ref xe_cpu_create(xe_pal_ref pal, xe_memory_ref memory,
+                         xe_cpu_options_t options) {
+  xe_cpu_ref cpu = (xe_cpu_ref)xe_calloc(sizeof(xe_cpu));
+  xe_ref_init((xe_ref)cpu);
+
+  xe_copy_struct(&cpu->options, &options, sizeof(xe_cpu_options_t));
+
+  cpu->pal = xe_pal_retain(pal);
+  cpu->memory = xe_memory_retain(memory);
+
+  return cpu;
+}
+
+void xe_cpu_dealloc(xe_cpu_ref cpu) {
+  xe_memory_release(cpu->memory);
+  xe_pal_release(cpu->pal);
+}
+
+xe_cpu_ref xe_cpu_retain(xe_cpu_ref cpu) {
+  xe_ref_retain((xe_ref)cpu);
+  return cpu;
+}
+
+void xe_cpu_release(xe_cpu_ref cpu) {
+  xe_ref_release((xe_ref)cpu, (xe_ref_dealloc_t)xe_cpu_dealloc);
+}
+
+xe_pal_ref xe_cpu_get_pal(xe_cpu_ref cpu) {
+  return xe_pal_retain(cpu->pal);
+}
+
+xe_memory_ref xe_cpu_get_memory(xe_cpu_ref cpu) {
+  return xe_memory_retain(cpu->memory);
+}
+
+int xe_cpu_prepare_module(xe_cpu_ref cpu, xe_module_ref module) {
+  // TODO(benvanik): lookup the module in the cache.
+
+  // TODO(benvanik): implement prepare module.
+
   XELOGCPU(XT("cpu"));
 
   LLVMContext &context = getGlobalContext();
   //IRBuilder<> builder(context);
-  Module *module = new Module("my cool jit", context);
+  Module *m = new Module("my cool jit", context);
 
-  Constant* c = module->getOrInsertFunction("mul_add",
-  /*ret type*/                           IntegerType::get(context, 32),
-  /*args*/                               IntegerType::get(context, 32),
-                                         IntegerType::get(context, 32),
-                                         IntegerType::get(context, 32),
-  /*varargs terminated with null*/       NULL);
+  Constant* c = m->getOrInsertFunction("mul_add",
+  /*ret type*/                         IntegerType::get(context, 32),
+  /*args*/                             IntegerType::get(context, 32),
+                                       IntegerType::get(context, 32),
+                                       IntegerType::get(context, 32),
+  /*varargs terminated with null*/     NULL);
 
   Function* mul_add = cast<Function>(c);
   mul_add->setCallingConv(CallingConv::C);
@@ -54,6 +103,18 @@ void do_cpu_stuff() {
 
   XELOGD(XT("woo %d"), 123);
 
-  module->dump();
-  delete module;
+  m->dump();
+  delete m;
+  return 0;
+}
+
+int xe_cpu_execute(xe_cpu_ref cpu, uint32_t address) {
+  // TODO(benvanik): implement execute.
+  return 0;
+}
+
+uint32_t xe_cpu_create_callback(xe_cpu_ref cpu,
+                                void (*callback)(void*), void *data) {
+  // TODO(benvanik): implement callback creation.
+  return 0;
 }
diff --git a/src/kernel/kernel.cc b/src/kernel/kernel.cc
index 5a17bc443..fd3784d61 100644
--- a/src/kernel/kernel.cc
+++ b/src/kernel/kernel.cc
@@ -19,6 +19,7 @@ typedef struct xe_kernel {
 
   xe_pal_ref      pal;
   xe_memory_ref   memory;
+  xe_cpu_ref      cpu;
   xe_kernel_export_resolver_ref export_resolver;
 
   struct {
@@ -29,7 +30,7 @@ typedef struct xe_kernel {
 } xe_kernel_t;
 
 
-xe_kernel_ref xe_kernel_create(xe_pal_ref pal, xe_memory_ref memory,
+xe_kernel_ref xe_kernel_create(xe_pal_ref pal, xe_cpu_ref cpu,
                                xe_kernel_options_t options) {
   xe_kernel_ref kernel = (xe_kernel_ref)xe_calloc(sizeof(xe_kernel));
   xe_ref_init((xe_ref)kernel);
@@ -37,23 +38,27 @@ xe_kernel_ref xe_kernel_create(xe_pal_ref pal, xe_memory_ref memory,
   xe_copy_struct(&kernel->options, &options, sizeof(xe_kernel_options_t));
 
   kernel->pal = xe_pal_retain(pal);
-  kernel->memory = xe_memory_retain(memory);
+  kernel->memory = xe_cpu_get_memory(cpu);
+  kernel->cpu = xe_cpu_retain(cpu);
   kernel->export_resolver = xe_kernel_export_resolver_create();
 
   kernel->modules.xam =
-      xe_xam_create(pal, memory, kernel->export_resolver);
+      xe_xam_create(kernel->pal, kernel->memory, kernel->export_resolver);
   kernel->modules.xbdm =
-      xe_xbdm_create(pal, memory, kernel->export_resolver);
+      xe_xbdm_create(kernel->pal, kernel->memory, kernel->export_resolver);
   kernel->modules.xboxkrnl =
-      xe_xboxkrnl_create(pal, memory, kernel->export_resolver);
+      xe_xboxkrnl_create(kernel->pal, kernel->memory, kernel->export_resolver);
 
   return kernel;
 }
 
 void xe_kernel_dealloc(xe_kernel_ref kernel) {
   xe_xboxkrnl_release(kernel->modules.xboxkrnl);
+  xe_xbdm_release(kernel->modules.xbdm);
+  xe_xam_release(kernel->modules.xam);
 
   xe_kernel_export_resolver_release(kernel->export_resolver);
+  xe_cpu_release(kernel->cpu);
   xe_memory_release(kernel->memory);
   xe_pal_release(kernel->pal);
 }
@@ -75,6 +80,10 @@ xe_memory_ref xe_kernel_get_memory(xe_kernel_ref kernel) {
   return xe_memory_retain(kernel->memory);
 }
 
+xe_cpu_ref xe_kernel_get_cpu(xe_kernel_ref kernel) {
+  return xe_cpu_retain(kernel->cpu);
+}
+
 const xechar_t *xe_kernel_get_command_line(xe_kernel_ref kernel) {
   return kernel->options.command_line;
 }
@@ -112,13 +121,37 @@ xe_module_ref xe_kernel_load_module(xe_kernel_ref kernel,
     return NULL;
   }
 
-  // stash in modules list
+  // Prepare the module.
+  XEEXPECTZERO(xe_cpu_prepare_module(kernel->cpu, module));
 
+  // Stash in modules list (takes reference).
+  // TODO(benvanik): stash in list.
   return xe_module_retain(module);
+
+XECLEANUP:
+  xe_module_release(module);
+  return NULL;
 }
 
 void xe_kernel_launch_module(xe_kernel_ref kernel, xe_module_ref module) {
-  //
+  //const xe_xex2_header_t *xex_header = xe_module_get_xex_header(module);
+
+  // TODO(benvanik): set as main module/etc
+  // xekXexExecutableModuleHandle = xe_module_get_handle(module);
+
+  // XEEXPECTTRUE(XECPUPrepareModule(XEGetCPU(), module->xex, module->pe, module->address_space, module->address_space_size));
+
+  // Setup the heap (and TLS?).
+  // xex_header->exe_heap_size;
+
+  // Launch thread.
+  // XHANDLE thread_handle;
+  // XDWORD thread_id;
+  // XBOOL result = xekExCreateThread(&thread_handle, xex_header->exe_stack_size, &thread_id, NULL, (void*)xex_header->exe_entry_point, NULL, 0);
+
+  // Wait until thread completes.
+  // XLARGE_INTEGER timeout = XINFINITE;
+  // xekNtWaitForSingleObjectEx(thread_handle, TRUE, &timeout);
 }
 
 xe_module_ref xe_kernel_get_module(xe_kernel_ref kernel, const xechar_t *path) {
diff --git a/tools/xenia-info/xenia-info.cc b/tools/xenia-info/xenia-info.cc
index c613987a8..1ead07e13 100644
--- a/tools/xenia-info/xenia-info.cc
+++ b/tools/xenia-info/xenia-info.cc
@@ -15,6 +15,7 @@ int xenia_info(int argc, xechar_t **argv) {
 
   xe_pal_ref pal = NULL;
   xe_memory_ref memory = NULL;
+  xe_cpu_ref cpu = NULL;
   xe_kernel_ref kernel = NULL;
   xe_module_ref module = NULL;
 
@@ -26,16 +27,23 @@ int xenia_info(int argc, xechar_t **argv) {
   const xechar_t *path = argv[1];
 
   xe_pal_options_t pal_options;
+  xe_zero_struct(&pal_options, sizeof(pal_options));
   pal = xe_pal_create(pal_options);
   XEEXPECTNOTNULL(pal);
 
   xe_memory_options_t memory_options;
+  xe_zero_struct(&memory_options, sizeof(memory_options));
   memory = xe_memory_create(pal, memory_options);
   XEEXPECTNOTNULL(memory);
 
+  xe_cpu_options_t cpu_options;
+  xe_zero_struct(&cpu_options, sizeof(cpu_options));
+  cpu = xe_cpu_create(pal, memory, cpu_options);
+  XEEXPECTNOTNULL(cpu);
+
   xe_kernel_options_t kernel_options;
   xe_zero_struct(&kernel_options, sizeof(kernel_options));
-  kernel = xe_kernel_create(pal, memory, kernel_options);
+  kernel = xe_kernel_create(pal, cpu, kernel_options);
   XEEXPECTNOTNULL(kernel);
 
   module = xe_kernel_load_module(kernel, path);
@@ -47,6 +55,7 @@ int xenia_info(int argc, xechar_t **argv) {
 XECLEANUP:
   xe_module_release(module);
   xe_kernel_release(kernel);
+  xe_cpu_release(cpu);
   xe_memory_release(memory);
   xe_pal_release(pal);
   return result_code;
diff --git a/tools/xenia-run/xenia-run.cc b/tools/xenia-run/xenia-run.cc
index 248a3cad4..3bfcb14bd 100644
--- a/tools/xenia-run/xenia-run.cc
+++ b/tools/xenia-run/xenia-run.cc
@@ -10,9 +10,85 @@
 #include <xenia/xenia.h>
 
 
-int xenia_run(int argc, xechar_t **argv) {
-  do_cpu_stuff();
-  do_gpu_stuff();
+typedef struct {
+  xe_pal_ref      pal;
+  xe_memory_ref   memory;
+  xe_cpu_ref      cpu;
+  xe_kernel_ref   kernel;
+  xe_module_ref   module;
+} xenia_run_t;
+
+
+int setup_run(xenia_run_t *run, const xechar_t *path) {
+    xe_pal_options_t pal_options;
+  xe_zero_struct(&pal_options, sizeof(pal_options));
+  run->pal = xe_pal_create(pal_options);
+  XEEXPECTNOTNULL(run->pal);
+
+  xe_memory_options_t memory_options;
+  xe_zero_struct(&memory_options, sizeof(memory_options));
+  run->memory = xe_memory_create(run->pal, memory_options);
+  XEEXPECTNOTNULL(run->memory);
+
+  xe_cpu_options_t cpu_options;
+  xe_zero_struct(&cpu_options, sizeof(cpu_options));
+  run->cpu = xe_cpu_create(run->pal, run->memory, cpu_options);
+  XEEXPECTNOTNULL(run->cpu);
+
+  xe_kernel_options_t kernel_options;
+  xe_zero_struct(&kernel_options, sizeof(kernel_options));
+  run->kernel = xe_kernel_create(run->pal, run->cpu, kernel_options);
+  XEEXPECTNOTNULL(run->kernel);
+
+  run->module = xe_kernel_load_module(run->kernel, path);
+  XEEXPECTNOTNULL(run->module);
+
   return 0;
+
+XECLEANUP:
+  return 1;
+}
+
+void destroy_run(xenia_run_t *run) {
+  xe_module_release(run->module);
+  xe_kernel_release(run->kernel);
+  xe_cpu_release(run->cpu);
+  xe_memory_release(run->memory);
+  xe_pal_release(run->pal);
+  xe_free(run);
+}
+
+int xenia_run(int argc, xechar_t **argv) {
+  // Dummy call to keep the GPU code linking in to ensure it's working.
+  do_gpu_stuff();
+
+  int result_code = 1;
+
+  // TODO(benvanik): real command line parsing.
+  if (argc < 2) {
+    printf("usage: xenia-run some.xex\n");
+    return 1;
+  }
+  const xechar_t *path = argv[1];
+
+  xenia_run_t *run = (xenia_run_t*)xe_calloc(sizeof(xenia_run_t));
+  XEEXPECTNOTNULL(run);
+
+  result_code = setup_run(run, path);
+  XEEXPECTZERO(result_code);
+
+  xe_module_dump(run->module);
+
+  xe_kernel_launch_module(run->kernel, run->module);
+
+  // TODO(benvanik): wait until the module thread exits
+  destroy_run(run);
+  return 0;
+
+XECLEANUP:
+  if (run) {
+    destroy_run(run);
+  }
+  return result_code;
 }
 XE_MAIN_THUNK(xenia_run);