kjournald starting. Commit interval 5 seconds
EXT3-fs: mounted filesystem with ordered data mode.
VFS: Mounted root (ext3 filesystem) readonly.
Freeing unused kernel memory: 60k freed
Warning: unable to open an initial console.
None of init seems to run.
Init may be running, but you won't see any output as it hasn't managed
to open an initial console.
My guess would be that your filesystem doesn't have a /dev/console
entry.
I've seen this happen with fle systems that expect devfs (e.g. Gentoo),
but I doubt that's the problem with FC3. Does FC3 use udev or something
fancy like that?
Either way, check to see whether you have a populated /dev/ directory
and copy one across if not.
Best,
Ian