CentOS - Feb 2006 - new install hang after "setting hostname" additional info

>All,
>I have a new install. software RAID-1. everything installed normal (2 - 
>40 GIG IDE drives)
>After install, reboot and the box starts the graphic boot,
>then hangs on "setting hostname". After a few minutes it drops out
of
>graphic install and the last thing on the screen is "Checking root 
>filesystem".
>I.t then sets there FOREVER.
>Any ideas? I have already re-installed from scatch and get the exact 
>same thing.

I removed the graphic boot.

Virtual consoles 2 and 3 hard blank screens. and others blank also

There is no other info on the main screen other than

initialie hardware
loading default keymap
setting hostname
Checking root filesystem



System just hangs.... 
Thats it...

Jerry