So, running without an initramfs isn't currently a supported configuration due mainly to bugs such as this, although we would like to make it so in future for various reasons. As such I can't currently justify a priority higher than Medium. However, if the fix turns out not to be too intrusive (on which I'll have to defer to James) then it would be a reasonable target for 12.04.1 as the impact is clearly serious for those who encounter it.
So, running without an initramfs isn't currently a supported configuration due mainly to bugs such as this, although we would like to make it so in future for various reasons. As such I can't currently justify a priority higher than Medium. However, if the fix turns out not to be too intrusive (on which I'll have to defer to James) then it would be a reasonable target for 12.04.1 as the impact is clearly serious for those who encounter it.