There is a line like : "Scanning for module ds ..." but the module is not found
Steps to Reproduce:
Does everything still function?
You do realize that genkernel (which does the module loading for the initrd) is designed to work for both 2.4 and 2.6 kernels, so it very well might try to load 2.4-only drivers (or vice versa).
Is the functionality not there?