Ok, here's the output from netconsole....
###### No USB Drive Inserted ######
$this->bbcode_second_pass_code('', 'U-Boot 2011.12 (Feb 20 2012 - 21:21:59)
Pogoplug E02
arm-none-linux-gnueabi-gcc (Sourcery G++ Lite 2009q3-67) 4.4.1
GNU ld (Sourcery G++ Lite 2009q3-67) 2.19.51.20090709
Hit any key to stop autoboot:  0
(Re)start USB...
USB:   Register 10011 NbrPorts 1
USB EHCI 1.00
scanning bus for devices... 2 USB Device(s) found
       scanning bus for storage devices... 0 Storage Device(s) found
** Block device usb 0 not supported
** Invalid boot device **
Creating 1 MTD partitions on "nand0":
0x000002500000-0x000008000000 : "mtd=3"
UBI: attaching mtd1 to ubi0
UBI: physical eraseblock size:   131072 bytes (128 KiB)
UBI: logical eraseblock size:    129024 bytes
UBI: smallest flash I/O unit:    2048
UBI: sub-page size:              512
UBI: VID header offset:          512 (aligned 512)
UBI: data offset:                2048
UBI: attached mtd1 to ubi0
UBI: MTD device name:            "mtd=3"
UBI: MTD device size:            91 MiB
UBI: number of good PEBs:        728
UBI: number of bad PEBs:         0
UBI: max. allowed volumes:       128
UBI: wear-leveling threshold:    4096
UBI: number of internal volumes: 1
UBI: number of user volumes:     0
UBI: available PEBs:             717
UBI: total number of reserved PEBs: 11
UBI: number of PEBs reserved for bad PEB handling: 7
UBI: max/mean erase counter: 1/1
UBIFS error (pid 0): ubifs_get_sb: cannot open "ubi:rootfs", error -19
Error reading superblock on volume 'ubi:rootfs'!
** Block device usb 0 not supported
** Block device usb 1 not supported
** Block device usb 2 not supported
** Block device usb 3 not supported
** Block device usb 0 not supported
** Block device usb 0 not supported
Wrong Image Format for bootm command
ERROR: can't get kernel image!
stopping USB..
### JFFS2 loading 'uboot-original-mtd0.kwb' to 0x800000
Scanning JFFS2 FS: ......... done.
### JFFS2 load complete: 524288 bytes loaded to 0x800000
## Starting application at 0x00800200 ...')
###### With USB Inserted ######
$this->bbcode_second_pass_code('', 'U-Boot 2011.12 (Feb 20 2012 - 21:21:59)
Pogoplug E02
arm-none-linux-gnueabi-gcc (Sourcery G++ Lite 2009q3-67) 4.4.1
GNU ld (Sourcery G++ Lite 2009q3-67) 2.19.51.20090709
Hit any key to stop autoboot:  0
(Re)start USB...
USB:   Register 10011 NbrPorts 1
USB EHCI 1.00
scanning bus for devices... 3 USB Device(s) found
       scanning bus for storage devices... 1 Storage Device(s) found
Loading file "/rescueme" from usb device 0:1 (usbda1)
** File not found /rescueme
reading /rescueme.txt
** Unable to read "/rescueme.txt" from usb 0:1 **
Creating 1 MTD partitions on "nand0":
0x000002500000-0x000008000000 : "mtd=3"
UBI: attaching mtd1 to ubi0
UBI: physical eraseblock size:   131072 bytes (128 KiB)
UBI: logical eraseblock size:    129024 bytes
UBI: smallest flash I/O unit:    2048
UBI: sub-page size:              512
UBI: VID header offset:          512 (aligned 512)
UBI: data offset:                2048
UBI: attached mtd1 to ubi0
UBI: MTD device name:            "mtd=3"
UBI: MTD device size:            91 MiB
UBI: number of good PEBs:        728
UBI: number of bad PEBs:         0
UBI: max. allowed volumes:       128
UBI: wear-leveling threshold:    4096
UBI: number of internal volumes: 1
UBI: number of user volumes:     0
UBI: available PEBs:             717
UBI: total number of reserved PEBs: 11
UBI: number of PEBs reserved for bad PEB handling: 7
UBI: max/mean erase counter: 1/1
UBIFS error (pid 0): ubifs_get_sb: cannot open "ubi:rootfs", error -19
Error reading superblock on volume 'ubi:rootfs'!
Loading file "/boot/uImage" from usb device 0:1 (usbda1)
1 bytes read
Found bootable drive on usb 0:1
Loading file "/boot/uImage" from usb device 0:1 (usbda1)
2856016 bytes read
Loading file "/boot/uInitrd" from usb device 0:1 (usbda1)
** File not found /boot/uInitrd
## Booting kernel from Legacy Image at 00800000 ...
   Image Name:   Linux-3.1.10-13-ARCH
   Image Type:   ARM Linux Kernel Image (uncompressed)
   Data Size:    2855952 Bytes = 2.7 MiB
   Load Address: 00008000
   Entry Point:  00008000
   Verifying Checksum ... OK
   Loading Kernel Image ... OK
OK
Starting kernel ...')
The ALARM image on this USB was created following the guide at 
http://archlinuxarm.org/platforms/armv5/pogoplug-v2-pinkgray.  Thanks!