mkinitrd 1.4.7 cp: cannot stat '/sbin/kmod': No such file or directory
 

The new mkinitrd complains it can't stat /sbin/kmod. Resulting initrd panics on boot

root@yogi:~# mkinitrd -V
mkinitrd version 1.4.7
root@yogi:~# mkinitrd -c -k 3.2.23-smp -f ext4 -r /dev/md0 -m config:usb-storage:ums-realtek:ehci-hcd:ohci-hcd:config:config:config:jbd2:mbcache:ext4 -R -u -o /boot/initrd.gz
cp: cannot stat '/sbin/kmod': No such file or directory
OK: /lib/modules/3.2.23-smp/kernel/drivers/usb/storage/usb-storage.ko added.
<rest of modules list snipped>

These panic on boot

Dropping back to mkinitrd-1.4.6-i486-8.txz works again

install the kmod package.