Confirmed. The workaround is to run:
dpkg --set-selections
initramfs-tools hold
initramfs-tools-bin hold
^D
before upgrading.
** Also affects: initramfs-tools (Ubuntu)
Importance: Undecided
Status: New
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Gave up waiting for root device after upgrade then busybox console
https://bugs.launchpad.net/bugs/360378
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