Problems boot Angstrom / SD Card / Beagleboard clone

The terminal during the boot process is as follows, with new Angstrom

Texas Instruments X-Loader 1:41
Starting OS Bootloader ...

U-Boot 1.3.3-svn333 (Sep 10 2009 - 16:49:01)

OMAP3530-GP rev 2, CPU-165MHz L3-OPP2
OMAP3 DevKit8000 Board LPDDR + / NAND
DRAM: 128 MB
NAND: 128 MiB
In: serial
Out: serial
Err: serial
Hit any key to stop autoboot: 0
reading uImage

1877828 bytes read
# # Booting kernel from Legacy Image at 80300000 ...
Image Name: Angstrom/2.6.32/beagleboard
Image Type: ARM Linux Kernel Image (uncompressed)
Data Size: 3194624 Bytes = 3 MB
Load Address: 80008000
Entry Point: 80008000
Verifying checksum ... OK
Loading Kernel Image ... OK
OK

Starting kernel ...

Uncompressing
Linux ................................................ .............
.................................................. .......... done,
booting the k
Ernel.

From this point everything stops, no terminal or display, keeping the
MLO, u-boot and partition rootfs and swapping uImage by another much
older boot normally occurs

My setup of u-boot:
setenv bootargs 'console=ttyS2,115200n8 root=/dev/mmcblk0p2 rw
rootwait'
setenv bootcmd 'mmcinit;fatload mmc 0:1 80300000 uImage;bootm
80300000'

I'm completely lost, can anyone help?
Tanks in advance

That is an ancient uboot and MLO, please upgrade to the versions listed at http://www.angstrom-distribution.org/demo/beagleboard/

Hi Keon,

I have small doubt what this angstorm used for i am little bit new to
this.
I have downloaded the bitbake and OE and i see lot of patches in the
linux/recieps folder how this will be useful for building the linux
kernel these are the following doubts.

1. The patches in the recipies folder do we have to apply for the
normal linux kernel downloaded from the TIOMAP git tree
2. or this itself is enough to build the final zImage

Thanks and Regards,
Rajesh Gubba.