I installed Ubuntu 7.10 lately and used GRUB as boot loader, see my boot options for my Slackware image.
Code:
root (hd0,0)
kernel /boot/vmlinuz root=/dev/sda1 ro vga = 733
savedefault
boot
I edited the second line to:
Code:
root (hd0,0)
kernel /boot/vmlinuz root=/dev/sda1 ro vga = 733 nohz = off
savedefault
boot
But the problem remains, systen hangs after 3 minutes.