I've tried every combination of stuff in /etc/inputrc that I can think of and I can't get this to work.
The issue is that I want to use my Alt key (specifically, the left Alt) as Meta for Emacs. Amazingly, this works *exactly* as it should in X.
By removing all of the key customizations (which I didn't need anyway) from inputrc, in console mode Alt *mostly* works now. All of the normal navigation functions work- except for M-< and M-> (beginning of file, end of file), and the repeat doesn't work in some cases for Meta functions. Like, if I do C-U 100 M-V it should go back 100 pages, but instead it echos C-U 1 0 0 ESC on the status line.
I have a similar problem on OpenBSD in case anyone knows how to fix it in either place