I wrote: > Very strange. You have a kernel, and you have init(8), but it looks like > looks like /etc is missing or damaged. Did you, by chance, create a separate > partition for /etc? That could explain this, as /etc is needed in order to > boot multi-user.
Another reason would be forgetting to install the etc44.tgz fileset, which, along with base44.tgz, is *mandatory*.