I was trying compiled my own kernel, after it didn't work i downloaded latest official kernel from http://kernel.ubuntu.com/~kernel-ppa/mainline/v3.11.6-saucy/ for my
Lubuntu 12.04 3.2.0-55-generic i386 netbook.
I installed official kernel with these commands http://linuxg.net/how-to-install-kernel-3-11-6-on-ubuntu-linux-mint-debian-pear-os-and-elementary-os/ (i386) . I can normally boot with 3.2.0-55-generic (default kernel). So is problem in some configurations or version (for v3.11.6-"saucy salamander" only?)?
My boot log: