RHEL5 System using powerpath not coming up after update.

Issue

These are the rpm(s) that were updated. Right now we are not able to boot the server on the new kernel.

Removed:
kernel.x86_64 0:2.6.18-238.el5

Installed:
kernel.x86_64 0:2.6.18-348.el5

Dependency Installed:
aspell.x86_64 12:0.60.3-12

Updated:
OpenIPMI.x86_64 0:2.0.16-16.el5
OpenIPMI-libs.x86_64 0:2.0.16-16.el5
aspell-en.x86_64 50:6.0-3
autofs.x86_64 1:5.0.1-0.rc2.177.el5
binutils.x86_64 0:2.17.50.0.6-20.el5_8.3
busybox.x86_64 1:1.2.0-14.el5
coreutils.x86_64 0:5.97-34.el5_8.1
cpio.x86_64 0:2.6-25.el5
cpp.x86_64 0:4.1.2-54.el5
crontabs.noarch 0:1.10-11.el5
cyrus-sasl.x86_64 0:2.1.22-7.el5_8.1
cyrus-sasl-lib.i386 0:2.1.22-7.el5_8.1
cyrus-sasl-lib.x86_64 0:2.1.22-7.el5_8.1
cyrus-sasl-plain.i386 0:2.1.22-7.el5_8.1
cyrus-sasl-plain.x86_64 0:2.1.22-7.el5_8.1
device-mapper-multipath.x86_64 0:0.4.7-54.el5
diffutils.x86_64 0:2.8.1-16.el5
e2fsprogs.x86_64 0:1.39-35.el5
e2fsprogs-libs.i386 0:1.39-35.el5
e2fsprogs-libs.x86_64 0:1.39-35.el5
expat.x86_64 0:1.95.8-11.el5_8
file.x86_64 0:4.17-28
ftp.x86_64 0:0.17-38.el5
gawk.x86_64 0:3.1.5-16.el5
gcc.x86_64 0:4.1.2-54.el5
gcc-c++.x86_64 0:4.1.2-54.el5
gdbm.x86_64 0:1.8.0-28.el5
glibc.i686 0:2.5-107
glibc.x86_64 0:2.5-107
glibc-common.x86_64 0:2.5-107
glibc-devel.i386 0:2.5-107
glibc-devel.x86_64 0:2.5-107
glibc-headers.x86_64 0:2.5-107
grub.x86_64 0:0.97-13.10.el5
gtk+.i386 1:1.2.10-57.el5
gtk+.x86_64 1:1.2.10-57.el5
hal.x86_64 0:0.5.8.1-64.el5
hwdata.noarch 0:0.213.28-1.el5
initscripts.x86_64 0:8.45.42-1.el5_8.1
iproute.x86_64 0:2.6.18-15.el5
ipsec-tools.x86_64 0:0.6.5-14.el5_8.5
iptables.x86_64 0:1.3.5-9.2.el5_8
iptables-ipv6.x86_64 0:1.3.5-9.2.el5_8
iscsi-initiator-utils.x86_64 0:6.2.0.872-16.el5
kbd.x86_64 0:1.12-22.el5
kernel-headers.x86_64 0:2.6.18-348.el5
kexec-tools.x86_64 0:1.102pre-161.el5
kpartx.x86_64 0:0.4.7-54.el5
ksh.x86_64 0:20100621-12.el5
kudzu.x86_64 0:1.2.57.1.26-7
libgcc.i386 0:4.1.2-54.el5
libgcc.x86_64 0:4.1.2-54.el5
libgcrypt.i386 0:1.4.4-5.el5_8.2
libgcrypt.x86_64 0:1.4.4-5.el5_8.2
libgomp.x86_64 0:4.4.7-1.el5
libpng.x86_64 2:1.2.10-17.el5_8
libstdc++.i386 0:4.1.2-54.el5
libstdc++.x86_64 0:4.1.2-54.el5
libstdc++-devel.i386 0:4.1.2-54.el5
libstdc++-devel.x86_64 0:4.1.2-54.el5
libtiff.x86_64 0:3.8.2-15.el5_8
libuser.x86_64 0:0.54.7-3.el5
libvolume_id.x86_64 0:095-14.29.el5
libxml2.x86_64 0:2.6.26-2.1.15.el5_8.5
libxml2-python.x86_64 0:2.6.26-2.1.15.el5_8.5
logrotate.x86_64 0:3.7.4-14
logwatch.noarch 0:7.3-10.el5
lvm2.x86_64 0:2.02.88-10.el5
m2crypto.x86_64 0:0.16-9.el5
man.x86_64 0:1.6d-3.el5
mdadm.x86_64 0:2.6.9-5.el5
microcode_ctl.x86_64 2:1.17-3.el5
mkinitrd.i386 0:5.1.19.6-79.el5
mkinitrd.x86_64 0:5.1.19.6-79.el5
mozldap.x86_64 0:6.0.5-2.el5
mutt.x86_64 5:1.4.2.2-6.el5
nash.x86_64 0:5.1.19.6-79.el5
net-snmp.x86_64 1:5.3.2.2-20.el5
net-snmp-libs.x86_64 1:5.3.2.2-20.el5
net-snmp-perl.x86_64 1:5.3.2.2-20.el5
net-snmp-utils.x86_64 1:5.3.2.2-20.el5
nfs-utils.x86_64 1:1.0.9-66.el5
nscd.x86_64 0:2.5-107
nspr.i386 0:4.9.1-6.el5
nspr.x86_64 0:4.9.1-6.el5
nss.i386 0:3.13.5-8.el5
nss.x86_64 0:3.13.5-8.el5
nss-tools.x86_64 0:3.13.5-8.el5
nss_ldap.i386 0:253-51.el5
nss_ldap.x86_64 0:253-51.el5
openldap.i386 0:2.3.43-25.el5_8.1
openldap.x86_64 0:2.3.43-25.el5_8.1
openldap-clients.x86_64 0:2.3.43-25.el5_8.1
openssl.i686 0:0.9.8e-22.el5_8.4
openssl.x86_64 0:0.9.8e-22.el5_8.4
pam.i386 0:0.99.6.2-12.el5
pam.x86_64 0:0.99.6.2-12.el5
parted.i386 0:1.8.1-30.el5
parted.x86_64 0:1.8.1-30.el5
perl.x86_64 4:5.8.8-38.el5_8
pm-utils.x86_64 0:0.99.3-14.el5
popt.x86_64 0:1.10.2.3-31.el5
procps.x86_64 0:3.2.7-22.el5
psmisc.x86_64 0:22.2-11
python.x86_64 0:2.4.3-56.el5
python-iniparse.noarch 0:0.2.3-6.el5
python-libs.x86_64 0:2.4.3-56.el5
quota.x86_64 1:3.13-8.el5
redhat-release.x86_64 0:5Server-5.9.0.2
redhat-release-notes.x86_64 0:5Server-46
rhn-check.noarch 0:0.4.20-86.el5
rhn-client-tools.noarch 0:0.4.20-86.el5
rhn-setup.noarch 0:0.4.20-86.el5
rhnsd.x86_64 0:4.7.0-14.el5
rpm.x86_64 0:4.4.2.3-31.el5
rpm-libs.x86_64 0:4.4.2.3-31.el5
rpm-python.x86_64 0:4.4.2.3-31.el5
selinux-policy.noarch 0:2.4.6-338.el5
selinux-policy-targeted.noarch 0:2.4.6-338.el5
shadow-utils.x86_64 2:4.0.17-21.el5
smartmontools.x86_64 1:5.42-2.el5
specspo.noarch 0:13-4.el5
sqlite.x86_64 0:3.3.6-6
strace.x86_64 0:4.5.18-18.el5
sudo.x86_64 0:1.7.2p1-22.el5
symlinks.x86_64 0:1.2-26.el5
syslinux.x86_64 0:4.02-7.2.el5
sysstat.x86_64 0:7.0.2-12.el5
tar.x86_64 2:1.15.1-32.el5_8
tcl.x86_64 0:8.4.13-6.el5
telnet.x86_64 1:0.17-41.el5
tzdata.x86_64 0:2012i-2.el5
udev.x86_64 0:095-14.29.el5
util-linux.x86_64 0:2.13-0.59.el5_8
vim-minimal.x86_64 2:7.0.109-7.2.el5
wget.x86_64 0:1.11.4-3.el5_8.2
yum.noarch 0:3.2.22-40.el5
yum-metadata-parser.x86_64 0:1.1.2-4.el5
yum-rhn-plugin.noarch 0:0.5.4-29.el5
yum-updatesd.noarch 1:0.9-5.el5
zlib.i386 0:1.2.3-7.el5
zlib.x86_64 0:1.2.3-7.el5
zsh.x86_64 0:4.2.6-8.el5