Hi,
I have built an Ubuntu image and installed on the card. That were the two configurations I have tried:

$ sudo rootstock --fqdn overo --login ubuntu --password psswd --seed ubuntu-minimal,build-essential,openssh-server,linux-image-omap

$ sudo rootstock --fqdn overo --login ubuntu --password psswd --seed lxde,gdm,build-essential,openssh-server,linux-image-omap

But it hangs on boot, as shown below. Does somebody has an idea what might be wrong?

Obs.: I have tried also with another card.

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Texas Instruments X-Loader 1.4.2 (Mar  2 2009 - 08:22:26)
Reading boot sector
Loading u-boot.bin from mmc


U-Boot 2010.09 (Nov 10 2010 - 16:43:03)

OMAP3530-GP ES3.1, CPU-OPP2, L3-165MHz, Max CPU Clock 720 mHz
Gumstix Overo board + LPDDR/NAND
I2C:   ready
DRAM:  128 MiB
NAND:  256 MiB
*** Warning - bad CRC or NAND, using default environment

In:    serial
Out:   serial
Err:   serial
Board revision: 0
Tranceiver detected on mmc2
No EEPROM on expansion board

Die ID #065600040000000004036abc0901e00a
Net:   smc911x-0
Hit any key to stop autoboot:  0
mmc1 is available
reading boot.scr

** Unable to read "boot.scr" from mmc 0:1 **
reading uImage

3173960 bytes read
Booting from mmc ...
## Booting kernel from Legacy Image at 82000000 ...
   Image Name:   Angstrom/2.6.34/overo
   Image Type:   ARM Linux Kernel Image (uncompressed)
   Data Size:    3173896 Bytes = 3 MiB
   Load Address: 80008000
   Entry Point:  80008000
   Verifying Checksum ... OK
   Loading Kernel Image ... OK
OK

Starting kernel ...

Uncompressing Linux... done, booting the kernel.
Linux version 2.6.34 (mathiasfk@miro) (gcc version 4.3.3 (GCC) ) #1 Fri Mar 11 13:05:53 BRT 2011
CPU: ARMv7 Processor [411fc083] revision 3 (ARMv7), cr=10c53c7f
CPU: VIPT nonaliasing data cache, VIPT nonaliasing instruction cache
Machine: Gumstix Overo
Memory policy: ECC disabled, Data cache writeback
OMAP3430/3530 ES3.1 (l2cache iva sgx neon isp )
SRAM: Mapped pa 0x40200000 to va 0xfe400000 size: 0x100000
Reserving 12582912 bytes SDRAM for VRAM
Built 1 zonelists in Zone order, mobility grouping on.  Total pages: 32512
Kernel command line: console=ttyS2,115200n8 mpurate=500 vram=12M omapfb.mode=dvi:1024x768MR-16@60 omapfb.debug=y omapdss.def_disp=dvi root=/dev/mmcblk0p2 rw rootfstype=ext3 rootwait
PID hash table entries: 512 (order: -1, 2048 bytes)
Dentry cache hash table entries: 16384 (order: 4, 65536 bytes)
Inode-cache hash table entries: 8192 (order: 3, 32768 bytes)
Memory: 128MB = 128MB total
Memory: 110944k/110944k available, 20128k reserved, 0K highmem
Virtual kernel memory layout:
    vector  : 0xffff0000 - 0xffff1000   (   4 kB)
    fixmap  : 0xfff00000 - 0xfffe0000   ( 896 kB)
    DMA     : 0xffc00000 - 0xffe00000   (   2 MB)
    vmalloc : 0xc8800000 - 0xf8000000   ( 760 MB)
    lowmem  : 0xc0000000 - 0xc8000000   ( 128 MB)
    modules : 0xbf000000 - 0xc0000000   (  16 MB)
      .init : 0xc0008000 - 0xc00f3000   ( 940 kB)
      .text : 0xc00f3000 - 0xc05fd000   (5160 kB)
      .data : 0xc0620000 - 0xc0660640   ( 258 kB)
Hierarchical RCU implementation.
NR_IRQS:402
Clocking rate (Crystal/Core/MPU): 26.0/331/500 MHz
Reprogramming SDRC clock to 331882352 Hz
GPMC revision 5.0
IRQ: Found an INTC at 0xfa200000 (revision 4.0) with 96 interrupts
Total of 96 interrupts on 1 active controller
OMAP GPIO hardware version 2.5
OMAP clockevent source: GPTIMER1 at 32768 Hz
Console: colour dummy device 80x30
Calibrating delay loop... 499.92 BogoMIPS (lpj=1949696)
Mount-cache hash table entries: 512
CPU: Testing write buffer coherency: ok
devtmpfs: initialized
regulator: core version 0.5
NET: Registered protocol family 16
Found NAND on CS0
hw perfevents: enabled with ARMv7 Cortex-A8 PMU driver, 5 counters available
Switched to new clocking rate (Crystal/Core/MPU): 26.0/500/331 MHz
OMAP DMA hardware revision 4.0
bio: create slab <bio-0> at 0
SCSI subsystem initialized
usbcore: registered new interface driver usbfs
usbcore: registered new interface driver hub
usbcore: registered new device driver usb
i2c_omap i2c_omap.1: bus 1 rev3.12 at 2600 kHz
twl4030: PIH (irq 7) chaining IRQs 368..375
twl4030: power (irq 373) chaining IRQs 376..383
twl4030: gpio (irq 368) chaining IRQs 384..401
regulator: VUSB1V5: 1500 mV normal standby
regulator: VUSB1V8: 1800 mV normal standby
regulator: VUSB3V1: 3100 mV normal standby
twl4030_usb twl4030_usb: Initialized TWL4030 USB module
regulator: VMMC1: 1850 <--> 3150 mV at 3000 mV normal standby
regulator: VDAC: 1800 mV normal standby
regulator: VDVI: 1800 mV normal standby
i2c_omap i2c_omap.3: bus 3 rev3.12 at 400 kHz
Advanced Linux Sound Architecture Driver Version 1.0.22.1.
Bluetooth: Core ver 2.15
NET: Registered protocol family 31
Bluetooth: HCI device and connection manager initialized
Bluetooth: HCI socket layer initialized
cfg80211: Calling CRDA to update world regulatory domain
Switching to clocksource 32k_counter
musb_hdrc: version 6.0, musb-dma, host, debug=0
musb_hdrc musb_hdrc: MUSB HDRC host driver
musb_hdrc musb_hdrc: new USB bus registered, assigned bus number 1
usb usb1: New USB device found, idVendor=1d6b, idProduct=0002
usb usb1: New USB device strings: Mfr=3, Product=2, SerialNumber=1
usb usb1: Product: MUSB HDRC host driver
usb usb1: Manufacturer: Linux 2.6.34 musb-hcd
usb usb1: SerialNumber: musb_hdrc
hub 1-0:1.0: USB hub found
hub 1-0:1.0: 1 port detected
musb_hdrc musb_hdrc: USB Host mode controller at fa0ab000 using DMA, IRQ 92
NET: Registered protocol family 2
IP route cache hash table entries: 1024 (order: 0, 4096 bytes)
TCP established hash table entries: 4096 (order: 3, 32768 bytes)
TCP bind hash table entries: 4096 (order: 2, 16384 bytes)
TCP: Hash tables configured (established 4096 bind 4096)
TCP reno registered
UDP hash table entries: 256 (order: 0, 4096 bytes)
UDP-Lite hash table entries: 256 (order: 0, 4096 bytes)
NET: Registered protocol family 1
RPC: Registered udp transport module.
RPC: Registered tcp transport module.
RPC: Registered tcp NFSv4.1 backchannel transport module.
VFS: Disk quotas dquot_6.5.2
Dquot-cache hash table entries: 1024 (order 0, 4096 bytes)
JFFS2 version 2.2. (NAND) (SUMMARY)  © 2001-2006 Red Hat, Inc.
msgmni has been set to 216
alg: No test for stdrng (krng)
Block layer SCSI generic (bsg) driver version 0.4 loaded (major 253)
io scheduler noop registered
io scheduler deadline registered
io scheduler cfq registered (default)
OMAP DSS rev 2.0
OMAP DISPC rev 3.0
OMAP VENC rev 2
OMAP DSI rev 1.0
Serial: 8250/16550 driver, 4 ports, IRQ sharing enabled
serial8250.0: ttyS0 at MMIO 0x4806a000 (irq = 72) is a ST16654
serial8250.1: ttyS1 at MMIO 0x4806c000 (irq = 73) is a ST16654
serial8250.2: ttyS2 at MMIO 0x49020000 (irq = 74) is a ST16654
console [ttyS2] enabled
brd: module loaded
loop: module loaded
omap2-nand driver initializing
NAND device: Manufacturer ID: 0x2c, Chip ID: 0xba (Micron NAND 256MiB 1,8V 16-bit)
cmdlinepart partition parsing not available
Creating 5 MTD partitions on "omap2-nand.0":
0x000000000000-0x000000080000 : "xloader"
0x000000080000-0x000000240000 : "uboot"
0x000000240000-0x000000280000 : "uboot environment"
0x000000280000-0x000000680000 : "linux"
0x000000680000-0x000010000000 : "rootfs"
smsc911x: Driver version 2008-10-21.
smsc911x-mdio: probed
eth0: attached PHY driver [Generic PHY] (mii_bus:phy_addr=0:01, irq=-1)
net eth0: MAC Address: 00:15:c9:28:ca:b4
smsc911x: Driver version 2008-10-21.
usbcore: registered new interface driver asix
usbcore: registered new interface driver cdc_ether
ehci_hcd: USB 2.0 'Enhanced' Host Controller (EHCI) Driver
ehci-omap ehci-omap.0: OMAP-EHCI Host Controller
ehci-omap ehci-omap.0: new USB bus registered, assigned bus number 2
ehci-omap ehci-omap.0: irq 77, io mem 0x48064800
ehci-omap ehci-omap.0: USB 2.0 started, EHCI 1.00
usb usb2: New USB device found, idVendor=1d6b, idProduct=0002
usb usb2: New USB device strings: Mfr=3, Product=2, SerialNumber=1
usb usb2: Product: OMAP-EHCI Host Controller
usb usb2: Manufacturer: Linux 2.6.34 ehci_hcd
usb usb2: SerialNumber: ehci-omap.0
hub 2-0:1.0: USB hub found
hub 2-0:1.0: 3 ports detected
Initializing USB Mass Storage driver...
usbcore: registered new interface driver usb-storage
USB Mass Storage support registered.
udc: OMAP UDC driver, version: 4 October 2004 (iso) (dma)
mice: PS/2 mouse device common for all mice
twl_rtc twl_rtc: rtc core: registered twl_rtc as rtc0
twl_rtc twl_rtc: Power up reset detected.
twl_rtc twl_rtc: Enabling TWL-RTC.
i2c /dev entries driver
OMAP Watchdog Timer Rev 0x31: initial timeout 60 sec
twl4030_wdt twl4030_wdt: Failed to register misc device
twl4030_wdt: probe of twl4030_wdt failed with error -16
Bluetooth: HCI UART driver ver 2.2
Bluetooth: HCI H4 protocol initialized
Bluetooth: HCI BCSP protocol initialized
Bluetooth: HCILL protocol initialized
cpuidle: using governor ladder
cpuidle: using governor menu
usbcore: registered new interface driver usbhid
usbhid: USB HID core driver
usbcore: registered new interface driver snd-usb-audio
No device for DAI omap-mcbsp-dai-0
No device for DAI omap-mcbsp-dai-1
No device for DAI omap-mcbsp-dai-2
No device for DAI omap-mcbsp-dai-3
No device for DAI omap-mcbsp-dai-4
overo SoC init
asoc: twl4030 <-> omap-mcbsp-dai-0 mapping ok
ALSA device list:
  #0: overo (twl4030)
oprofile: using arm/armv7
TCP cubic registered
NET: Registered protocol family 17
NET: Registered protocol family 15
Bluetooth: L2CAP ver 2.14
Bluetooth: L2CAP socket layer initialized
Bluetooth: SCO (Voice Link) ver 0.6
Bluetooth: SCO socket layer initialized
Bluetooth: RFCOMM TTY layer initialized
Bluetooth: RFCOMM socket layer initialized
Bluetooth: RFCOMM ver 1.11
Bluetooth: BNEP (Ethernet Emulation) ver 1.3
Bluetooth: BNEP filters: protocol multicast
Bluetooth: HIDP (Human Interface Emulation) ver 1.2
ThumbEE CPU extension supported.
Power Management for TI OMAP3.
VFP support v0.3: implementor 41 architecture 3 part 30 variant c rev 1
fbcvt: 1024x768@60: CVT Name - .786M3-R
Console: switching to colour frame buffer device 128x48
regulator_init_complete: incomplete constraints, leaving VDAC on
twl_rtc twl_rtc: setting system clock to 2000-01-01 00:00:00 UTC (946684800)
Waiting for root device /dev/mmcblk0p2...
mmc0: host does not support reading read-only switch. assuming write-enable.
mmc0: new high speed SDHC card at address 013f
mmcblk0: mmc0:013f SD08G 7.42 GiB
 mmcblk0: p1 p2
kjournald starting.  Commit interval 5 seconds
EXT3-fs (mmcblk0p2): using internal journal
EXT3-fs (mmcblk0p2): mounted filesystem with writeback data mode
VFS: Mounted root (ext3 filesystem) on device 179:2.
devtmpfs: mounted
Freeing init memory: 940K
mmc1: new SDIO card at address 0001
init: ureadahead main process (51) terminated with status 5
init: procps main process (79) terminated with status 255