This bug was fixed in the package initramfs-tools - 0.99ubuntu1

---------------
initramfs-tools (0.99ubuntu1) oneiric; urgency=low

  * Merge with Debian unstable. See 0.98.8ubuntu1 for remaining Ubuntu
    changes. This version creates /run in the initramfs, and moves it over to
    the running system. (LP: #807306)
  * hooks/busybox: Fix symlinking of /bin/sh to busybox, to work with current
    copy_exec() function.

initramfs-tools (0.99) unstable; urgency=low

  Release "scarpe rotte e pur bisogna andar"

  [ maximilian attems ]
  * [ce45cd0] update-initramfs: Show the mkinitramfs on error message.
  * [5b84e5b] maintainer-notes.html: Fix email to send patches to.
  * [ec6a77f] doc: s/ressources/resources/
  * [3c717fa] initramfs-tools: preinst use blkid for uuid generation if around.
    (Closes: #609964)
  * [8e2ffcd] postinst cleanup very old dpkg trigger comparison.
  * [78cdb26] mkinitramfs: Add support for xz compression. (closes: #626446)
  * [f5b8347] hook-functions: Cleanup ref to ide-disk.
  * [6cab0ec] initramfs-tools: cleanup any usplash traces. (closes: #620924)
  * [08d4895] initramfs-tools: Remove mkinitramfs-kpkg.
    (Closes: #454934, #502792)
  * [0ed6376] initramfs-tools: add hid_sunplus to listed keyboard drivers.
  * [5f53d3b] init: load netconsole after loading network drivers.
    Thanks Ferenc Wagner <email address hidden> (Closes: #596742)
  * [7ff2998] debian/copyright: Update authorlist and year attribution.
  * [e789cdd] maintainer-notes: Use git dch --multimaint-merge on examples.
  * [17296ff] dep_add_modules: Use hidden_dep_add_modules for ubifs.
  * [3d44bfb] hidden_dep_add: Use mika's variadic function from $2 on.
  * [8f8299d] mkinitramfs: copy over on build instead of using symlink tree.
    (Closes: #338405, #506540)
  * [f5afa6a] mkinitramfs: Add lib search path + run full ldconfig in
    initramfs. (Closes: #612633, #619670)
  * [259ad09] mkinitramfs: creat /run initramfs directory.
  * [5add333] initramfs-tools: init mount /run tmpfs.
  * [74109b9] init: No need to touch /dev/.initramfs.
  * [8e7620a] hook-functions: xhci-hcd got renamed. (Closes: #625224)
    Thanks to Matthew Wilcox <email address hidden>

  [ Tim Small ]
  * [1fe9f78] Add Documentation for modules=list in initramfs.conf(5).
    (Closes: #603903)

  [ Ben Hutchings ]
  * [c018886] kernel hooks: Treat missing version argument as an error.
  * [58ee42c] kernel hooks: Enable error-exit (sh -e).
  * [7866542] update-initramfs: Depend on kernel hook scripts rather than
    $ramdisk invocation.
  * [43fe8e6] update-initramfs: Remove support for 'do_bootloader' and
    specific boot loaders. (closes: #594189)

  [ Gianluigi Tiesi ]
  * [9c25269] mkinitramfs: misleading message in verbose mode.
    (Closes: #611046)

  [ Timo Juhani Lindfors ]
  * [871ffe7] initramfs-tools: Make panic message visible even if panic=
    is used.
  * [2525b00] initramfs-tools: Inform the user about reboot on panic=.

  [ Michael Prokop ]
  * [465a5f1] hidden_dep_add_modules(): make it dynamically to support more
    than 3 arguments as well.
  * [3323930] Use --check=crc32 option for xz compression.
    Thanks to Ulrich Dangel <email address hidden>
  * [bedf1e3] Use -8 for compression with xz.
  * [adce374] docs: fix wording ("allows *one* to") to make lintian happy.
  * [ecbc54a] Bump Standards-Version to 3.9.2.

  [ Evan Broder ]
  * [ad1a594] initramfs-tools: Fix handling of numeric root= arguments to be
     udev-friendly. (Closes: #501969, #606806)

  [ Christian Hofstaedtler ]
  * [e34eca4] init: move /proc after moving other filesystems.

  [ Roger Leigh ]
  * [10990ab] init: Preserve state on old boxes without /run on rootfs.
  * [4d08c2e] init: sync mount options with the defaults in initscripts.
    (Closes: #621803)
  * [20c43ce] init: Don't use "none" as a mount fsname (Closes: #603858)

  [ Michael Tokarev ]
  * [ec83abd] mkinitramfs: No need to warn about md-root busybox dep.
 -- Martin Pitt <email address hidden>   Tue, 12 Jul 2011 10:37:34 +0200