I have ported the Verdex to 2.6.34 because the BT layer has problems in 2.6.31 hoping to fix the issue.
The kernel compiles and is configured correctly as far as I can see.
When the kernel boots from uboot the console disappears never to return.
I can ssh into the image and it runs my setup OK accept there are not serial terminals.
.config as compile into kernel
CONFIG_CMDLINE="console=ttyS0,115200n8 root=1f01 rootfstype=jffs2 debug"
# Non-8250 serial port support
# CONFIG_SERIAL_TIMBERDALE is not set