linux wont pass bootup

[aromes]

I messed up with my system init files.
Now linux boot and jams at:
Init: Id 1: Id 1 respawning too fast --disabled for 5 mins
Init: Id 2: Id 2 respawning too fast --disabled for 5 mins
Init: Id 3: Id 3 respawning too fast --disabled for 5 mins
Init: Id 6: Id 6 respawning too fast --disabled for 5 mins
....no filesystems mounted.

And it would not pass that step.
I did access my system with "linux init=/bin/bash" but there`s
no way I can correct my system init files xuase they
are read-only, even after I tried "mount -wno remount /" or
"mount -wno remount /dev/hda1 /".
Mount complains with error "cannot mount specified file system"

[Dolda2000]

That's kind of strange... what kernel version are you using? Have you tried "mount -no remount,rw /"? Not that it should make any difference, but what do you know?
Otherwise, don't you have some installation CD that you can use as a rescue disk? In the worst case, just download Knoppix.