* Starting local ... [ ok ] cannot open logfile /var/log/mgetty/mgetty.ttyI0: No such file or directory mgetty: resorting to logging to /dev/console -- This is because mgetty-1.1.34.ebuild uses dodir for creating /var/log/mgetty. Portage has removed this (empty) directory on update of mgetty (known Portage deficiency). Please use keepdir instead.
fixed in 1.1.35.