Hmm. Thanks for trying. I searched kernel-parameters.txt and found no such option.
Nonetheless, I rebooted and tried. No change. The system locks up hard. The cx23885 driver is set as a module in the huge kernel configuration.
The only way I have discovered to stop the lock-up when using the huge kernel is to blacklist the module or disable rc.udev. Of course, that won't happen with a newbie or anybody using the kernel immediately after installation. What will happen is predictable. A person will perform the installation, reboot using the huge kernel --- which is natural until a person creates an initrd or recompiles the kernel to taste, and the box will lock up. Response will be WTF.