I have the same problem on my laptop:
run-init: nuking initramfs contents: Directory not empty
...Kernel panic - not syncing: Attempted to kill init!
I am worried that this could screw up my files.
** Changed in: ubuntu
Status: New = Confirmed
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Kernel panic at boot
** Attachment added: Photo of my monitor with the kernel panic.
http://launchpadlibrarian.net/10112038/kernel_panic.jpg
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Kernel panic at boot
https://bugs.launchpad.net/bugs/155689
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