Ok, it looks like it goes through all it's checks but I am unable to do anything.

I do see this
Partition check:
hda: hda1 < hda5 hda6 > hda2 hda3 hda4
RAMDISK: ext2 filesystem found at block 0
RAMDISK: Loading 320 blocks [1 disk] into ram disk... done.
EXT2-fs warning: checktime reached, running e2fsck is recommended
VFS: Mounted root (ext2 filesystem).
empeg-pump v0.03 (19980601)
Press Ctrl-A to enter pump...VFS: Mounted root (ext2 filesystem) readonly.
change_root: old root has d_count=1
Trying to unmount old root ... okay
Freeing unused kernel memory: 4k init player.cpp : 385:empeg-car 2.00 20
03/04/01.
Prolux 4 empeg car - 2.1434 Mar 26 2003
Vcb: 0x4086d000

Then after this just the curser blinking.

Flow Control is set to Hardware and Parity to none, did these need to be changed?