Building initramfs with *yaird* solved the issue (and the system now even boots a bit faster because the new initramfs is 1MB as opposed to 5MB when built with update-initramfs):
yaird --output /boot/initrd.img-2.6.17-10-generic 2.6.17-10-generic -- System won't boot after update, can't find root partition https://launchpad.net/bugs/75655 -- ubuntu-bugs mailing list [email protected] https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs
