Kernel panic on boot with kernel 3.4

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http://forums.fedoraforum.org – Hi folks. Updated recently to kernel 3.4 and getting kernel panic on boot. Code: Loading Fedora (3.4.2-1.fc16.x86_64) Loading initial ramdisk... [    9.224897] Kernel panic - not syncing: VFS: Unable to mount root fs on unknown-block(0,0) .... 3.3.x works fine, so I don't think it's a filesystem problem. Please help! (HowTos)