I have been without my player now for almost two days so i have to take active messures to figure out what's wrong with my baby.
I hooked her up to serial (thanks to the guys that mantain the FAQ) and got the following errors. I am sorta new to linux but i know smoethings not right here.

Starting kswapd v 1.5
SA1100 serial driver version 4.27 with no serial options enabled
ttyS00 at 0xf8010000 (irq = 15) is a SA1100 UART
ttyS00 at 0xf8010000 (irq = 15) is a SA1100 UART
ttyS02 at 0xf8030000 (irq = 16) is a SA1100 UART
Signature is 206f6972 'rio '
Logo type is 1
empeg display initialised.
empeg dspaudio driver initialized
empeg audio-in initialised, CS4231A revision 80
empeg infra-red support initialised.
empeg usb initialised, PDIUSBD12 id 1012
empeg state support initialised 0089/88c1 (save to d0005c80).
empeg power-pic driver initialised (first boot)
RAM disk driver initialized: 16 RAM disks of 4096K size
empeg single channel IDE
Probing primary interface...
Probing primary interface...
empeg-flash driver initialized
smc chip id/revision 0x0049
smc_init couldn't find card
RAMDISK: ext2 filesystem found at block 0
RAMDISK: Loading 320 blocks [1 disk] into ram disk... done.
VFS: Mounted root (ext2 filesystem).
empeg-pump v0.03 (19980601)
Press Ctrl-A to enter pump...VFS: Cannot open root device 03:05
Kernel panic: VFS: Unable to mount root fs on 03:05

either i am being paranoid or it's reading something from my drive
and quite frankly if the kernel is paniced im wiggin out as well
Whitey