"Windows XP mode is restricted to Professional versions of Windows 7. Microsoft doesn’t officially support it on Windows 8, but there’s a way to get Windows XP Mode running on Microsoft’s latest operating system anyway. You won’t need a Windows XP disc or license key — just a computer running Windows 8."
For those who are unhappy, I found an article which explains the "how to":
http://www.makeuseof.com/tag/forget-end-life-woes-windows-8-xp-mode/