You might have problems with hardware and the Kernel compiled as it comes, my recomendation, boot with the installation dvd, Then when it asks you about which kernel do you want to use type
"kernel.installed" root=/dev/sda"X" noinitrd
where "kernel.installed" = bare.i, huge26.s, scsi.i, etc and "X" your root partition.
You would be able to run linux and then remove chmod from boot stage.
chmod -x /etc/rc.d/rc.hotplug
Hope it works for you. Let us know