The problem was indeed related to the "Too much work for IRQ 3" message
I received during boot of the -generic kernel. Switching the Infrared in
BIOS from IRQ3 to IRQ4 solved all my problems! I will therefore re-
close.
** Changed in: linux-source-2.6.22 (Ubuntu)
Status: Confirmed => Fix Released
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Gutsy hangs at boot with COMRESET failed error (kernel 2.6.22-13 and 2.6.22-14)
https://bugs.launchpad.net/bugs/150259
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