Kernel Panic on Boot...PLEASE HELP!

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So I downloaded iAtkos v7, burnt it, and booted it. Got "still waiting for root device". So I rebooted with the parameters "rd=disk0 -v" and it finds my hard drive, then a kernel panic shows up almost instantly. I took a picture of the problem...



My computer stats...

2.70 GHZ Dual Core AMD Athlon II X2 215 Processor
3 Gigs RAM
500 GB Harddrive
M2N68-LA (Narra5) Motherboard
NVIDIA GeForce 6150SE nForce 430

I cannot change the SATA options through BIOS (so no AHCI or RAID).

Im willing to try ANTHING. ANY help is apppreciated.