Should be fixed, please reopen bug if you encounter any further problems.

thx && regards,
-mika-

Michael Prokop <mika@grml.org> has uploaded a package that may fix your bug.
Please test the package and inform the maintainer whether
version 0.8.4 of grml-autoconfig works as intended or not.

Thank you

The changelog is attached below

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Format: 1.7
Date: Mon, 18 Feb 2008 13:31:11 +0100
Source: grml-autoconfig
Binary: grml-autoconfig
Architecture: source all
Version: 0.8.4
Distribution: unstable
Urgency: low
Maintainer: Michael Prokop <mika@grml.org>
Changed-By: Michael Prokop <mika@grml.org>
Description: 
 grml-autoconfig - main bootup process of a grml system
Changes: 
 grml-autoconfig (0.8.4) unstable; urgency=low
 .
   * Make sure we support old directory layout (/cdrom) as
     well as the new one (/live/image) for specific bootoptions.
     Thanks to Jon for reporting the bug. [Testing: issue414]
Files: 
 647e8e2b7458ed22895175a5ec8452e3 604 grml optional grml-autoconfig_0.8.4.dsc
 828c62a8182d66c19a13715b8c10a452 54093 grml optional grml-autoconfig_0.8.4.tar.gz
 19bfe510d1cdae5e7c0a536f7e11cfbc 54596 grml optional grml-autoconfig_0.8.4_all.deb

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There might be a change in directory layout due to initramfs-tools, the fix 
should be trivial, just needs testing.