hardware trouble, BBB can't boot successfully

Hi,
I got a BBB a few days ago. It has a XAM3359 MPU. It can’t boot from emmc, so I tried to boot it from SD card. However, everytime it stopped at the same place with the same log.
The image version is Angstrom-Cloud9-IDE-GNOME-eglibc-ipk-v2012.12-beaglebone-2013.06.20.img.
The follow is the booting message:

Uncompressing Linux… done, booting the kernel.
[ 0.230005] omap2_mbox_probe: platform not supported
[ 0.243435] tps65217-bl tps65217-bl: no platform data provided
[ 0.328978] bone-capemgr bone_capemgr.8: slot #0: No cape found
[ 0.368036] bone-capemgr bone_capemgr.8: slot #1: No cape found
[ 0.407097] bone-capemgr bone_capemgr.8: slot #2: No cape found
[ 0.446160] bone-capemgr bone_capemgr.8: slot #3: No cape found
[ 0.471219] bone-capemgr bone_capemgr.8: slot #6: BB-BONELT-HDMIN conflict P8.45 (#5:BB-BONELT-HDMI)
[ 0.483286] bone-capemgr bone_capemgr.8: slot #6: Failed verification
[ 0.491777] bone-capemgr bone_capemgr.8: loader: failed to load slot-6 BB-BONELT-HDMIN:00A0 (prio 2)
[ 0.520132] omap_hsmmc mmc.4: of_parse_phandle_with_args of ‘reset’ failed
[ 0.587312] pinctrl-single 44e10800.pinmux: pin 44e10854 already requested by 44e10800.pinmux; cannot claim for gpio-leds.7
[ 0.601997] pinctrl-single 44e10800.pinmux: pin-21 (gpio-leds.7) status -22
[ 0.611188] pinctrl-single 44e10800.pinmux: could not request pin 21 on device pinctrl-single
[ 11.042147] Unable to handle kernel paging request at virtual address 004de000
[ 11.051620] pgd = df580000
[ 11.055151] [004de000] *pgd=00000000
[ 11.059825] Internal error: Oops: 5 [#1] SMP THUMB2
[ 11.066157] Modules linked in: autofs4
[ 11.071036] CPU: 0 Not tainted (3.8.13 #1)
[ 11.076824] PC is at lg_local_lock_cpu+0xa/0x38
[ 11.082709] LR is at file_sb_list_del+0x13/0x30
[ 11.088591] pc : [] lr : [] psr: 00000033
[ 11.088591] sp : df051f78 ip : 50c5387d fp : 000db9c0
[ 11.103500] r10: 00000000 r9 : df050000 r8 : c000c7e4
[ 11.110283] r7 : 00000006 r6 : df04cac0 r5 : df050000 r4 : df5ca6c0
[ 11.118757] r3 : 004de000 r2 : 004de000 r1 : 00000000 r0 : c065a4e4
[ 11.127233] Flags: nzcv IRQs on FIQs on Mode SVC_32 ISA Thumb Segment user
[ 11.136722] Control: 50c5387d Table: 9f580019 DAC: 00000015
[ 11.144182] Process systemd (pid: 1, stack limit = 0xdf050240)
[ 11.151754] Stack: (0xdf051f78 to 0xdf052000)
[ 11.157545] 1f60: df5ca6c0 c0095313
[ 11.168205] 1f80: df5ca6c0 00000000 df04fe80 c0092ebb ffffffff 00000000 000f88a8 c0092e5b
[ 11.178854] 1fa0: b6dd3450 c000c641 ffffffff 00000000 0000000b 00000000 0000003c b6dd3450
[ 11.189500] 1fc0: ffffffff 00000000 000f88a8 00000006 000cd980 000f85d0 000f6550 000db9c0
[ 11.200145] 1fe0: 00000000 bea357b4 b6dd46ac b6dd3460 600f0010 0000000b de7d76df 1b9f2915
[ 11.210807] [] (lg_local_lock_cpu+0xa/0x38) from [] (file_sb_list_del+0x13/0x30)
[ 11.222698] [] (file_sb_list_del+0x13/0x30) from [] (fput+0x37/0x94)
[ 11.233243] [] (fput+0x37/0x94) from [] (filp_close+0x3b/0x44)
[ 11.243102] [] (filp_close+0x3b/0x44) from [] (sys_close+0x19/0x3e)
[ 11.253534] [] (sys_close+0x19/0x3e) from [] (ret_fast_syscall+0x1/0x46)
[ 11.264539] Code: 6803 f852 2021 189b (e853) 1f00
[ 11.270795] —[ end trace 079fae02e79b2d40 ]—
[ 11.277758] Kernel panic - not syncing: Attempted to kill init! exitcode=0x0000000b
[ 11.277758]
[ 11.289629] drm_kms_helper: panic occurred, switching back to text console

I googled to find this may mean some hardware , but I’m not familiar with TI processor. So I don’t know which part of the board doesn’t work.
I tried to boot another BBB board(a reduced version with AM3352 instead, and without emmc and HDMI) , using the identical SD card with the same image. And it boot successfully.

Can anyone give me some advice on which part to check? Many thanks!

Have you tried booting with the most recent Debian IoT image? If this works then you can eliminate hardware problems. Is there a reason you want to use a 4 year old kernel?