This bug was fixed in the package initramfs-tools - 0.103ubuntu8
---------------
initramfs-tools (0.103ubuntu8) utopic; urgency=medium
* Add readlink symlink for busybox in the busybox hook, needed to
support /sbin/init as a readlink (LP: #1351295).
-- Dimitri John Ledkov <x...@ubuntu.com> Fri, 01 Aug 2014 16:46:35 +0100
** Changed in: initramfs-tools (Ubuntu)
Status: Fix Committed => Fix Released
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https://bugs.launchpad.net/bugs/1351295
Title:
Boot fails if /sbin/init (or init= arg) is an absolute symlink
Status in “initramfs-tools” package in Ubuntu:
Fix Released
Bug description:
Booting current Utopic with init=/bin/systemd fails., or installing
systemd-sysv fails. In both cases we are dealing with an absolute
symlink "/bin/systemd -> /lib/systemd/systemd" or "/sbin/init ->
/lib/systemd/systemd". I see:
/init: line 307: readlink: not found
Target filesystem doesn't have requested /bin/systemd
and then a kernel panic.
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