As of January 2011, util-linux-ng has been renamed back to util-linux (http://en.wikipedia.org/wiki/Util-linux).
initscripts 2011.06.4-1 does not work well with util-linux-ng because of the new inittab
The following error is displayed at boot:
/sbin/agetty: invalid option -- 's'
Usage: agetty [-8hiLmUw] [-l login_program] [-t timeout] [-I initstring] [-H login_host] baud_rate,... line [termtype]
or [-hiLmw] [-l login_program] [-t timeout] [-I initstring] [-H login_host] line baud_rate,... [termtype]
Replacing util-linux-ng by util-linux, fix the error.
In Archlinux this has already been done.