Hey, Black Mamba!
Sorry, I thought you were trying to start debian. Yes, you're right, there's no preinstalled graphic system in Arch Linux. This means that the problem is not starting the graphical system, but starting the terminal. Like the graphical system the terminal interface is configured in a way, that the terminal will be restartet (respawning) if it crashes.
Usually you can see kernel messages and some other system messages with the command dmesg. You probably don't want to see the whole output of dmesg (severel screens full of output), but just the last few lines. You can get this by:
dmesg | tail -n 15
The "|"-sign is called a "pipe". With it you are redirecting the output from dmesg to the tail command. The tail command just prints the last lines of its input, here the last 15 lines (-n 15). So instead of printing the whole output on the screen, tail reduces it to the last 15 lines.
But because the terminal won't start all this bash Kung Fu won't help you.
I think that the terminal won't start because you are using a Kernel which doesn't support devtmpfs. But this is required by Arch Linux.
I'm able to start Arch Linux with this Kernel , posted by smithae. But this kernel does not support the graphic card of qemu (at leat on my qemu version), so you won't be able to use it.
Also when I installed the debian squeeze distro in Qemu I didn't get these messages and I would have thought the Qemu drivers would be the same for both distros
Yes, you are right. Actually you would be able to use the graphic card if it worked on debian, but the system doesn't start properbly beacause of the lack of devtmpfs.
You will still not be able to load modules and get an error message on boot up because the kernel does not support "net.ipv4.tcp_syncookies". All this would be solved by using the original Arch Linux Kernel, but I wasn't succesfull at this (see "Forum --> Distributions --> Arch Linux ARM").
Note that qemu might be even slower than the Raspberry Pi depending on the hardware which is running qemu. So don't be frustrated if it's slow.