LinuxPE always kernel panic

I just upgraded from Altiris 6.9 to GSS 3.2.  I installed the updated LinuxPE to PXE and made a boot option for it.  Everything I test it on goes into an immediate kernel panic.  It's done this on 3 laptop models and a VM so I'm fairly certain the problem is in the PXE image.

Any suggestions on how I can fix this?  Picture included from the VM.

Thank you!