ReadyNAS DUO not booting

Hello everyone,

Looking for some tips to try re-use this old readynas duo, maybe memory issue? not sure, here is serial output 

Welcome to iboot 1.00a043
built 15:54 2008-10-01
Reason:Factory Default
bid = 01
ECC OFF
Ldk
Ldi
zlist 0 802ee15c
zone 802edf14, name Normal
zlist 1 802ee170
zone 802edccc, name DMA
zlist 2 802ee184
zone 802edf14, name Normal
Built 1 zonelists
Kernel command line: root=/dev/ram0 init=/linuxrc rw raid=noautodetect profile=2
kernel profiling enabled (shift: 2)
PID hash table entries: 2048 (order: 11, 8192 bytes)
Dentry cache hash table entries: 32768 (order: 3, 131072 bytes)
Inode-cache hash table entries: 16384 (order: 2, 65536 bytes)
Memory: 226176k/262144k available (2592k kernel code, 35856k reserved, 656k data, 96k init, 0k highmem)
init_mm.pgd 8f0ff000
Mount-cache hash table entries: 2048checking if image is initramfs...it isn't (no cpio magic); looks like an initrd

Freeing initrd memory: 16384k freed
NET: Registered protocol family 16
usbcore: registered new driver usbfs
usbcore: registered new driver hub
NET: Registered protocol family 2
IP route cache hash table entries: 2048 (order: -1, 8192 bytes)
TCP established hash table entries: 8192 (order: 1, 32768 bytes)
TCP bind hash table entries: 4096 (order: 0, 16384 bytes)
TCP: Hash tables configured (established 8192 bind 4096)
TCP reno registered
audit: initializing netlink socket (disabled)
audit(1070280003.120:1): initialized
VFS: Disk quotas dquot_6.5.1
Dquot-cache hash table entries: 4096 (order 0, 16384 bytes)
Installing knfsd (copyright (C) 1996 okir@monad.swb.de).
Initializing Cryptographic API
io scheduler noop registered
io scheduler anticipatory registered
io scheduler deadline registered
io scheduler cfq registered (default)
RAMDISK driver initialized: 16 RAM disks of 16384K size 1024 blocksize
loop: loaded (max 8 devices)
nbd: registered device at major 43
tun: Universal TUN/TAP device driver, 1.6
tun: (C) 1999-2004 Max Krasnyansky <maxk@qualcomm.com>
md: raid0 personality registered for level 0
md: raid1 personality registered for level 1
md: raid5 personality registered for level 5
md: raid4 personality registered for level 4
xor engine => SPARC.
device-mapper: 4.6.0-ioctl (2006-02-17) initialised: dm-devel@redhat.com
Serial: Padre driver $Revision: 1.2 $ 2 ports
ttyS0 at I/O 0x0 (irq = 7) is a padre uart
ttyS1 at I/O 0x0 (irq = 8) is a padre uart
oprofile: using timer interrupt.
TCP bic registered
NET: Registered protocol family 1
NET: Registered protocol family 17
NET: Registered protocol family 5
802.1Q VLAN Support v1.8 Ben Greear <greearb@candelatech.com>
All bugs added by David S. Miller <davem@redhat.com>
md: Skipping autodetection of RAID arrays. (raid=noautodetect)
RAMDISK: Compressed image found at block 0
VFS: Mounted root (ext2 filesystem).
Freeing unused kernel me▒padre_i2c: module license 'Infrant Technologies, Inc.' taints kernel.
padre_i2c: no version for "udiv" found: kernel tainted.
^@TWSI Initialize
Padre NSPIO setup: 8034f394... No argv, go to default.
raid5: xor select to PADRE_RXA.
Uniform Multi-Platform E-IDE driver Revision: 7.00alpha2
ide: Assuming 33MHz system bus speed for PIO modes; override with idebus=xx
padre chip scan,token=1
Scan the padre NSP IO hardware.
Need memory for RTEngine 63680
PIO mode on chan 7
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

doesn't go any further

any suggestions?