Ubuntu used a patch for this, but it's just a work-around for now and multiple upstream's developers told me that is not the right approach to use. -- debbug#555134 ...
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ID Status▲ Resolution▲ Sev Product Comp Assignee▲ Reporter Summary▲
10898 CLOS FIXE blo Sisyphus mkinitrd mike ldv initramfs hangs on 2.6.18-ovz-smp-alt8

File a new bug in the "mkinitrd-initramfs" component of the "Sisyphus" product