Kernel panic - not syncing: Attempted to kill init!

Here's the last few output lines from the serial port before this message:

[ 14.928527] Console: switching to colour frame buffer device 80x30

[ 14.951416] regulator_init_complete: incomplete constraint

s, leaving VAUX3 on

[ 14.958923] regulator_init_complete: incomplete constraints, leaving VDAC on

[ 14.966552] omap_vout omap_vout: probed for an unknown device

[ 14.972839] Waiting for root device /dev/mmcblk0p2...

[ 14.978485] usb 2-2: New USB device found, idVendor=0424, idProduct=9514

[ 14.986145] usb 2-2: New USB device strings: Mfr=0, Product=0, SerialNumber=0

[ 14.995910] hub 2-2:1.0: USB hub found

[ 14.999847] hub 2-2:1.0: 5 ports detected

[ 15.086975] mmc0: new high speed SDHC card at address 1234

[ 15.092926] mmcblk0: mmc0:1234 SA04G 3.67 GiB

[ 15.097778] mmcblk0: p1 p2

[ 15.203521] kjournald starting. Commit interval 5 seconds

[ 15.213500] EXT3-fs (mmcblk0p2): using internal journal

[ 15.218811] EXT3-fs (mmcblk0p2): recovery complete

[ 15.223724] EXT3-fs (mmcblk0p2): mounted filesystem with writeback data mode

[ 15.230926] VFS: Mounted root (ext3 filesystem) on device 179:2.

[ 15.241882] devtmpfs: mounted

[ 15.244964] Freeing init memory: 204K

[ 15.288787] Kernel panic - not syncing: Attempted to kill init!

Please let me know if you have any suggestions or need any additional information.

Thanks!

Regards,

Ismael