Paul Stewart of PacketU comments:
I know many have been [not so patiently] waiting for the arrival of a Cisco virtual lab. Although I haven’t heard any official release date for VIRL or CML, there is a small scale virtual router lab available today. This lab is the All-in-One Virtual Machine made available on the Cisco DevNet site.
While not a comprehensive lab, it is a quick and easy way to get some real command line experience or test smaller layer 3 challenges. This VM includes 3 routers with a total of 10 routed interfaces in use. There is no access to layer 2, so the topology can only be manipulated by shutting down interfaces on the routers.
Paul has a great overview of using the DevNet router VM as a lab for learning purposes.