It hang at autoconfig. After disabling USB, it can boot up. lspci gives the following:
00:00.0 Host bridge: ATI Technologies Inc: Unknown device cbb2 (rev 02)
00:01.0 PCI bridge: ATI Technologies Inc: Unknown device 7010
00:06.0 Multimedia audio controller: ALi Corporation M5451 PCI AC-Link Controller Audio Device (rev 02)
00:07.0 ISA bridge: ALi Corporation M1533 PCI to ISA Bridge [Aladdin IV]
00:08.0 Modem: ALi Corporation Intel 537 [M5457 AC-Link Modem]
00:09.0 Network controller: Harris Semiconductor Prism 2.5 Wavelan chipset (rev 01)
00:0a.0 CardBus bridge: O2 Micro, Inc. OZ6912 Cardbus Controller
00:0b.0 USB Controller: VIA Technologies, Inc. USB (rev 50)
00:0b.1 USB Controller: VIA Technologies, Inc. USB (rev 50)
00:0b.2 USB Controller: VIA Technologies, Inc. USB 2.0 (rev 51)
00:0c.0 FireWire (IEEE 1394): Texas Instruments TSB43AB21 IEEE-1394a-2000 Controller (PHY/Link)
00:10.0 IDE interface: ALi Corporation M5229 IDE (rev c4)
00:11.0 Bridge: ALi Corporation M7101 PMU
00:12.0 Ethernet controller: National Semiconductor Corporation DP83815 (MacPhyter) Ethernet Controller
01:05.0 VGA compatible controller: ATI Technologies Inc Radeon IGP 340M
sh-2.05b# cat /proc/version
Linux version 2.4.20-xfs (root@Knoppix) (gcc version 2.95.4 20011002 (Debian prerelease)) #1 SMP Mit Mär 26 15:37:36 CET 2003

I am using 2003-March version of Kernel 2.4.20-xfs. May be the new Knoppix version can fix it.