No initrd for the first entry, plus it somehow got a symlink for the
actual kernel.
So just do this:
sudo rm -f /boot/vmlinuz
sudo update-grub
Life should be good after that. Most likely you or something else
modified (or removed) /etc/kernel-img.conf, which is what tells it to
create or not create this symlink.
** Changed in: linux-source-2.6.15 (Ubuntu)
Status: Needs Info => Rejected
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Booting w/new kernel impossible
https://launchpad.net/bugs/53492
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