I'm running this through command line while using a live cd Centos 5.5:

I changed inittab to 3 (it was 0) and there was a shutdown -h now in .bash_profile.
When I move to top directory, it lists the normal directory structure, /bin, /boot... but there is a normal file named halt, when I rm the file, and restart, I still got INIT: 0 and the file reappeared.

What else could be causing INIT: 0 if I already changed the runlevel, and what's respawning that halt file?