sysvinit-2.86 code contains a classic off-by-one bug in setproctitle() function which leads to init process shown as 'ini' inside a VPS (OpenVZ VPS). I will attach a one-liner patch that fixes it. More details are in the OpenVZ bug: http://bugzilla.openvz.org/60
Created attachment 71383 [details, diff] Fixes off-by-one bug in setproctitle
I understand that this is mainstream issue and sent a report with a patch to sysvinit maintainer (Miquel van Smoorenburg). Still I believe that it will take a long time to fix it mainstream so makes sense to add the patch to ebuild in the meantime.
added to 2.86-r2, thanks for the bug please post any updates you hear from upstream