When trying to install 2008.05 on an Acer Travelmate laptop (Core Duo, 2gb ram, ATI video) I boot the install CD and it seems to halt at "Probing for device nodes".

System is an Acer Travelmate 8204, specs:

Intel Core Duo T2500 (2.0 GHz, 667 MHz FSB, 2 MB L2 Cache)
Intel 945PM Chipset
15.4" WSXGA+ TFT LCD
ATi Mobility Radeon X1600 256 MB GDDR3 (upto 512 MB with Hypermemory)
120 GB 5400rpm SATA HDD
2 GB DDR2-667 (2x 1GB MB sticks with dual channel support)
Intel Pro/Wireless 3945ABG + Bluetooth
Intel Pro/1000 Ethernet

As reported by linux lscpi:

00:00.0 Host bridge: Intel Corporation Mobile 945GM/PM/GMS/940GML and 945GT Express Memory Controller Hub (rev 03)
00:01.0 PCI bridge: Intel Corporation Mobile 945GM/PM/GMS/940GML and 945GT Express PCI Express Root Port (rev 03)
00:1b.0 Audio device: Intel Corporation 82801G (ICH7 Family) High Definition Audio Controller (rev 02)
00:1c.0 PCI bridge: Intel Corporation 82801G (ICH7 Family) PCI Express Port 1 (rev 02)
00:1c.1 PCI bridge: Intel Corporation 82801G (ICH7 Family) PCI Express Port 2 (rev 02)
00:1c.2 PCI bridge: Intel Corporation 82801G (ICH7 Family) PCI Express Port 3 (rev 02)
00:1c.3 PCI bridge: Intel Corporation 82801G (ICH7 Family) PCI Express Port 4 (rev 02)
00:1c.4 PCI bridge: Intel Corporation 82801GR/GH/GHM (ICH7 Family) PCI Express Port 5 (rev 02)
00:1c.5 PCI bridge: Intel Corporation 82801GR/GH/GHM (ICH7 Family) PCI Express Port 6 (rev 02)
00:1d.0 USB Controller: Intel Corporation 82801G (ICH7 Family) USB UHCI #1 (rev 02)
00:1d.1 USB Controller: Intel Corporation 82801G (ICH7 Family) USB UHCI #2 (rev 02)
00:1d.2 USB Controller: Intel Corporation 82801G (ICH7 Family) USB UHCI #3 (rev 02)
00:1d.3 USB Controller: Intel Corporation 82801G (ICH7 Family) USB UHCI #4 (rev 02)
00:1d.7 USB Controller: Intel Corporation 82801G (ICH7 Family) USB2 EHCI Controller (rev 02)
00:1e.0 PCI bridge: Intel Corporation 82801 Mobile PCI Bridge (rev e2)
00:1f.0 ISA bridge: Intel Corporation 82801GHM (ICH7-M DH) LPC Interface Bridge (rev 02)
00:1f.2 IDE interface: Intel Corporation 82801GBM/GHM (ICH7 Family) Serial ATA Storage Controller IDE (rev 02)
00:1f.3 SMBus: Intel Corporation 82801G (ICH7 Family) SMBus Controller (rev 02)
01:00.0 VGA compatible controller: ATI Technologies Inc M56P [Radeon Mobility X1600]
03:00.0 Ethernet controller: Intel Corporation 82573E Gigabit Ethernet Controller (Copper) (rev 03)
03:00.2 IDE interface: Intel Corporation Unknown device 108d (rev 03)
03:00.3 Serial controller: Intel Corporation Intel(R) Active Management Technology - SOL (rev 03)
03:00.4 Serial bus controller [0c07]: Intel Corporation 82573E KCS (Active Management) (rev 03)
05:00.0 Network controller: Intel Corporation PRO/Wireless 3945ABG Network Connection (rev 02)
0a:09.0 CardBus bridge: O2 Micro, Inc. OZ711MP1/MS1 MemoryCardBus Controller (rev 21)
0a:09.1 CardBus bridge: O2 Micro, Inc. OZ711MP1/MS1 MemoryCardBus Controller (rev 21)
0a:09.4 FireWire (IEEE 1394): O2 Micro, Inc. Unknown device 00f7 (rev 02)

I am having that issue with my Acer Aspire 9500, perhaps this is an Acer thing? Anyway, I too am at a loss on how to get it to not hang at "probing for device nodes", and I really need to be able to get the live CD to boot by Wednesday so I can finish an assignment for my operating systems class, so any help would be nice.