Well, i suppose Terrasoft is supposed to do the support for this one, but i can say that your problem is one of the following :
1) your kernel doesn't include the pegasos patches
2) your kernel doesn't contain the chrp bootloader (it is a vmlinux, and not a zImage.chrp)
3) your kernel doesn't contain an fbdev driver for your graphic card.
In any case, you can try to get more info on what is going on on the serial port. Plug in a serial null modem cable, and launch a console on the other end, and boot the kernel with the :
Code:
console=ttyS1,115200n8
kernel option appended to the kernel boot line.
Friendly,
Sven Luther