Is this with the new hard drive? It looks like it was not built - it cannot find the root partition and is reading a bad partition table. Either the cable is bad, off by one pin, or the drive was new and not built. I would say, yes, reapply the disk builder (assuming this is a new drive with no data on it you want to save) and then reload the .upgrade file.
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Paul Grzelak
200GB with 48MB RAM, Illuminated Buttons and Digital Outputs