Ubuntu 7.10 (Gutsy Gibbon) 32 bit (2.6.22-14-generic) crashes (at least) 9 every 10 boots..

I have installed Gutsy from scratch successfully. I got a random reboot failure. Now I am also writing after a successful reboot. I have also rebooted several times in recovery mode and dropped into the BusyBox. One of them juust before that I have got:

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[ sss.xxxxxx] ata3: port is slow to respond, please be patient (Status 0x80)
[ sss.xxxxxx] ata3: COMRESET failed (errno=-16)
[ sss.xxxxxx] ata3: SATA link up 1.5 Gbps (SStatus 113 Control 300)
[ sss.xxxxxx] sr0: scsi3-mmc drive: 24x/24x writer dvd-ram cd/rw xa/form2 cddatray
[ sss.xxxxxx] Uniform CD-ROM driver Revision: 3.20
[ sss.xxxxxx] sr 0:0:0:0: Attached scsi generic sg0 type 5

           Check root= bootarg cat /proc/cmdline
           or missing modules, devices: cat /proc/modules ls /dev
ALERT! /dev/disk/by-uuid/c3022b5c-xxxx-xxxx-xxxx-xxxxxxxxxxxx does not exit. Dropping to hell!
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And, then, hell actually is:

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BusyBox v1.1.3 (Debian 1:1.1.3-5ubuntu7) Built in shell (ash)
Enter 'help' for a list of built in commands

(initramsfs)
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Note that x's above are alpha-numiric characters.

This is only one example of an unsuccessful boot. Other examples seem to drop you into BusyBox when the system is trying to load the hard disk rather than the CD-ROM disk.

Can the problem be at the SATA bus level?
Look at http://en.wikipedia.org/wiki/SATA

This may explain why sometimes the problem is when loading the hard disk or the CD-Rom disk during installation.

I am also very puzzled about the random thing. In ubuntu forums, I reported that I was not able even to install the Ubuntu 7.10 live disk and that I was also being dropped into BusyBox all the time. At some point I succeeded by using first the 6.10 live disk, and I thought this had something to do, but I don't think so anymore. Now I guess it was because of this random failure in then SATA bus.

By the way, when I don't shut down the computer, but only hivernate it, the system recovers without failing most of the time.

My laptop is a new lenovo T61

There is a lot of discussion about this problem in Ubuntu forums (installation and updates) with different computers and different versions of the new Ubuntu 7.10 release.

Any ideas?