Thanks corbintechboy. When I turned off ACPI from the boot menu, most of the symptoms were the same, like the black screen, etc., but did not have the kernel panic. So I was able to switch to TTY2 and log on.
I played around with the X settings and ended up changing the driver from nvidia to nv. After that the graphic display worked and I was able to install.
Now I just need to figure out how to get the nvidia drivers to work so I can use some of the features I am used to, like dual head, etc. If I get messed up there I will probably be back.
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