Dear all, I just wanted to contribute to this ticket by reporting the same troubles, experienced.on an up-to-date Squeeze system while compiling 2.6.31-rc4 kernel. The fact that passing --initrd option will not generate an initrd file is uncongruous to say the least. A transparent generation of the initrd would be more than welcomed, as the explanation quoted from manpage and README files are very confusing.
Thank you for your time and effort in bridging the gap between Debian and its end-users. Sincerely yours,