From my point of view, it's something wrong with using initramfs in general. It is some special fs which is autogenerated and has predefined purpose - load drivers required to start up /, i think it should not be customizable by user (because it's not easy to do so), so it can serve only as very limited replacement of /.
Just sad, it seems for me that Linux goes somewhere to hell. Than i switched in 2000 it were so nice system, but now it has gconf(i never liked windows registry), d-bus(i can't just run program as other user, need launch d-bus), network manager(gui only!), video drivers in kernel space(kms!), gnome3, pulseaudio, (notice all this is rh ideas!) and this list seem growing. And now someone unhappy with system layout, that's why i am saying: it works just don't touch it please, put your effort in something useful...
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