sys-kernel/genkernel-1.8 is not using the INITRD_SIZE setting from etc/kernels/settings. /usr/sbin/genkernel Line 193 has 5000 hard coded. EVMS2 seems to need more than 5000K to boot.
CONFIG_BLK_DEV_RAM_SIZE= in the kernel config is also not getting set.
I just built another Gentoo box and the problem is still here over a month later. We're talking about a change to one line and I've even specified which line. Please make this minor adjustment. Thanks Linuxboy (I'm the original reporter, my name was lost from the report in the bugzilla DB crash.)
sorry, this bug didn't get assigned to the right person. Re-assigning.
this is fixed in local copys.. www.gentoo.org/~livewire/genkernel-beta.tar.bz2