Not that I know of. I use the VEs all day long and they aren't rebooting AFAIK. Could this have to do with the inittab or something. What else could be causing it?
Here is what it looks like.
# Default runlevel.
id:3:initdefault:
# System initialization, mount local filesystems, etc.
si::sysinit:/sbin/rc sysinit
# Further system initialization, brings up the boot runlevel.
rc::bootwait:/sbin/rc boot
l0:0:wait:/sbin/rc shutdown
l1:S1:wait:/sbin/rc single
l2:2:wait:/sbin/rc nonetwork
l3:3:wait:/sbin/rc default
l4:4:wait:/sbin/rc default
l5:5:wait:/sbin/rc default
l6:6:wait:/sbin/rc reboot
#z6:6:respawn:/sbin/sulogin
# TERMINALS
c1:12345:respawn:/sbin/agetty 38400 tty1 linux
c2:2345:respawn:/sbin/agetty 38400 tty2 linux
c3:2345:respawn:/sbin/agetty 38400 tty3 linux
c4:2345:respawn:/sbin/agetty 38400 tty4 linux
c5:2345:respawn:/sbin/agetty 38400 tty5 linux
c6:2345:respawn:/sbin/agetty 38400 tty6 linux
# SERIAL CONSOLES
#s0:12345:respawn:/sbin/agetty 9600 ttyS0 vt100
#s1:12345:respawn:/sbin/agetty 9600 ttyS1 vt100
# What to do at the "Three Finger Salute".
ca:12345:ctrlaltdel:/sbin/shutdown -r now
# Used by /etc/init.d/xdm to control DM startup.
# Read the comments in /etc/init.d/xdm for more
# info. Do NOT remove, as this will start nothing
# extra at boot if /etc/init.d/xdm is not added
# to the "default" runlevel.
x:a:once:/etc/X11/startDM.sh