Error added: 2016-01-07T12:16:46Z
Make sure the vmlinuz and initrd.img you are using are the same version. Yes, it matters.
For me - someone had added "xfs.blacklist=yes" to the kernel boot parameters inside /tftpboot/pxelinux.cfg/default Removed that and it worked better. The only clue was found in dmesg on the half-booted VM
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