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Be aware that RHEL has no builds of qemu/spice-server for i386, only x86_64 builds are available.
yum install qemu-kvm virt-viewer
The package spice-protocol will be downloaded automatically as a dependency of package kvm.
oVirt/RHEVM users could be also interested in the spice-xpi package as it allows you to execute spice-client directly from the oVirt/RHEVM UserPortal.
yum install spice-xpi