It's not at kernel level anyways, I don't think, since the kernel has nothing in it to do with the GUI. I think I heard somewhere that mouse speed was tweakable by a plist somewhere, but I'm not sure of what plist it would be.
It might be impossible to do exactly what you want, like pointer acceleration, since it's probably hardcoded into the OS, and I don't think there's a way of overriding these functions like you could in the previous Mac OS by using extensions.