Kernel version 4.7.3 results in a kernel panic when booting, as does version 4.7.4 and 4.7.5. Adding the parameter acpi=off will boot the system but with very limited functionality, not very ideal.
The device is an Acer Cloudbook 11 with an Intel processor, its one of those cheap cloud-based laptops. Similar models are on the market and run similar hardware, so I wouldn't be surprised if this affects some other models too. I will provide any information you need to fix this problem. Thanks, Cameron.