Well, I tried everything I could.
-- Deleting 'boot' line: Did not work.
-- Using boot images from DFS: Did not work.
-- Deleting 'initrd' line: Did not work.
-- Using boot images from a fresh install with mkinitrd (all modules): Did not work.
-- Debian install images will not install a thing onto a non-clean disk. So, it did not work either.
After a little while, it did not even begin to boot; it kept dropping to GRUB CLI.
Anyway, at the end of the day --literally-- all I have is GBs of raw data on RAID that once booted.
If anyone is interested: I suspect it has something to do with something in the /boot partition. Somehow it gets screwed.
Ray