"Cannot open dev/console" - New Kernel

[Daniel Richardson <dan@vespernet.co.uk>]

Hi. I built the 2.6.24.1 kernel and get a "/sbin/init: 432: cannot open 
dev/console: No such file" kernel panic error. I've had this problem in 
the past but I'm really needing a rebuild because of the RAM limit in my 
current kernel.

/dev/console and /dev/null exist as expected with all the right flags. 
It's my understanding that udev is supposed to sort this out upon boot 
but something isn't happening here.

Any help much appreciated.

Dan