I installed Nitdroid successfully. I can now see the multiboot menu too with the following options :

1 - Maemo 2.6/28-omap1
2 - Maemo kernel-power 2.6.28.10-power48
3 - NITDroid 2.6.28.NIT.07 on mmcblk0p5

However, when I select Option 3, Nitdroid is not booting and I am getting the following error :
" [ 314.646331] Kernel Panic - not syncing: Fatal exception"

and after this noting happens..

Even maemo is not booting. I am getting the following message:
[ 26.977416] r7:fffea0d0 r6:40187f90 r5:40185b48 r4:ffffffff

Kindly help how to resolve this issue.