had a similar problem, read through the thread for solutions, but here's a quick summary -- the instructions mention android kernel .05, yet you probably have .06, so change the entry in your multiboot to refer to .06 -- you might then get a filesystem error at the same point with the same guru meditation thingy; experiment with different values for device in multiboot; default is mmcblk0p5, for some its mmcblk0p2, for me mmcblk1p2 sorry for lack of detail, gotta run, all the answers are in this thread, read it through again