I also see this bug, using initramfs-tools 0.44 and linux-image-2.6.14-2-386 (2.6.14-6).
It's puzzling that the changelog for this version of the kernel claims to have dropped the module ide patch, but all the ide modules including ide-disk, ide-generic and the ide/pci/* modules, are still there in the debian package. -- see shy jo
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