The kernel is unable to mount the "/" partition!
Maybe you have not compiled devfs in the kernel, or maybe your initrd file is not correct... maybe your kernel even have the option devfs since it have been obsoleted, have a look on kernel Changelog:
Code:
DevFS has been obsoleted in favour of udev
(http://www.kernel.org/pub/linux/utils/kernel/hotplug/)
Anyway, try to specify your partition type in /dev/fstab and boot again!
But you should stop using devfs!
[]'s, FMC!