I know, smack me! :)
I remember this problem being posted a while back, but I can't seems to find it
anymore. I think the problem was caused by issuing a shutdown either from and X
console window or from a remote telnet session/su'd as root.
Basically, all goes fine while booting, gets to the end of rc.local and
*appears* to stop.
I can telnet in just fine, and all other services, etc. seem to be working. I
just can't access any of my "local" consoles. What do I need to do to fix it?