I can confirm this. The kernel update leaves me with a blank screen too.
Everything works, though: the welcome sound is played back and I can
restart the computer using the power key, the cursors and pressing
Enter. Even the backlight control works fine to tune the screen to your
favourite shade of black.
I've also noticed that in the screen mode change between the grub menu
and the splash screen, for a split second the BIOS splash screen can be
seen, which had never happened before. Perhaps this has to do with
graphics modesetting?
I have an Intel 945GM chip, in case it's relevant.
** Changed in: ubuntu
Status: New => Confirmed
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Lost all graphics on "Jaunty" after last update.
https://bugs.launchpad.net/bugs/327230
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