Stefan Fiedler:

package/base/rockinitrd/mkinitrd.sh

@@ -113,7 +113,7 @@ if [ "${empty}" = 0 ] ; then
 			add_module_to_initrd "${b}" "${c}"
 		done
 fi
-depmod -b ${rootdir} -v ${kernel}
+depmod -b ${targetdir} ${kernel}
 
 mkdir -p ${targetdir}/{dev,root,tmp,proc,sys}
 mknod ${targetdir}/dev/ram0	b 1 0

package/target-finish/1st-stage/1st-stage.conf

@@ -166,7 +166,7 @@ rm -f lib/modules/[0-9]*/kernel/drivers/net/{dummy,ppp*}.{o,ko}
 
 [ -e lib/modules ] && find lib/modules -type f -exec $STRIP --strip-debug {} \;
 
-depmod -b ${targetdir} -F ${rootdir}/boot/System.map -v ${kernel}
+depmod -b ${targetdir} -F ${rootdir}/boot/System.map ${kernel}
 
 for x in lib/modules/*/kernel/drivers/{scsi,net}; do
 	[ -d $x ] && ln -s ${x#lib/modules/} lib/modules/