Can install Bodhi's kernel on still 'unsupported' kirkwood device?

I was wondering about the other Kirkwood device I Have. It is Iomega’s Ez Media & Backup Center.
I made several unsuccessful attemps to install newer kernel on it...

Here is the console boot output:

Connecting to COM4...
Connected.


         __  __                      _ _
        |  \/  | __ _ _ ____   _____| | |
        | |\/| |/ _` | '__\ \ / / _ \ | |
        | |  | | (_| | |   \ V /  __/ | |
        |_|  |_|\__,_|_|    \_/ \___|_|_|
 _   _     ____              _
| | | |   | __ )  ___   ___ | |_ 
| | | |___|  _ \ / _ \ / _ \| __| 
| |_| |___| |_) | (_) | (_) | |_ 
 \___/    |____/ \___/ \___/ \__|  ** ix1-spi ** ** uboot_ver:0.0.8 **

 ** MARVELL BOARD: DB-88F6282A-BP LE 

U-Boot 1.1.4 (Oct 28 2011 - 15:17:21) Marvell version: 3.6.1 - EMC

U-Boot code: 00600000 -> 0067FFF0  BSS: -> 006CD5A0

Soc: 88F6282 A1 CPU running @ 1200Mhz L2 running @ 600Mhz
SysClock = 400Mhz , TClock = 200Mhz 

DRAM (DDR3) CAS Latency = 6 tRP = 6 tRAS = 15 tRCD=6
DRAM CS[0] base 0x00000000   size 128MB 
DRAM Total size 128MB  16bit width
Addresses 8M - 0M are saved for the U-Boot usage.
Mem malloc Initialization (8M - 7M): Done
[1024kB@f8000000] Flash:  1 MB

Marvell Serial ATA Adapter
Integrated Sata device found
[0 0 0]: Enable DMA mode (6)
  Device 0 @ 0 0:
Model: ST2000DM001-9YN164                       Firm: CC4B     Ser#:       
            Type: Hard Disk
            Supports 48-bit addressing
            Capacity: 1907729.0 MB = 1863.0 GB (-387938128 x 512)


CPU : Marvell Feroceon (Rev 1)

Streaming disabled 
Write allocate disabled


USB 0: host mode
PEX 0: interface detected no Link.
PEX 1: interface detected no Link.
Net:   egiga0 [PRIME]
Hit any key to stop autoboot:  0 

Reset IDE: 
Marvell Serial ATA Adapter
Integrated Sata device found
[0 0 0]: Enable DMA mode (6)
  Device 0 @ 0 0:
Model: ST2000DM001-9YN164                       Firm: CC4B     Ser#:             Z1E2Z7TH
            Type: Hard Disk
            Supports 48-bit addressing
            Capacity: 1907729.0 MB = 1863.0 GB (-387938128 x 512)


IDE read: device 0 block # 2048, count 6144 ... 6144 blocks read: OK

IDE read: device 0 block # 8192, count 6144 ... 6144 blocks read: OK
## Booting image at 00040000 ...
   Image Name:   Linux-2.6.31.8
   Created:      2013-03-12  22:02:31 UTC
   Image Type:   ARM Linux Kernel Image (uncompressed)
   Data Size:    2831076 Bytes =  2.7 MB
   Load Address: 00008000
   Entry Point:  00008000
   Verifying Checksum ... OK
OK
## Loading Ramdisk Image at 00900000 ...
   Image Name:   
   Created:      2013-04-08  17:28:49 UTC
   Image Type:   ARM Linux RAMDisk Image (gzip compressed)
   Data Size:    2831418 Bytes =  2.7 MB
   Load Address: 00000000
   Entry Point:  00000000
   Verifying Checksum ... OK

Starting kernel ...

Linux version 2.6.31.8 (soho@bsoho138.iomegacorp.com) (gcc version 4.3.2 (Sourcery G++ Lite 2008q3-72) ) Tue Mar 12 18:02:23 EDT 2013 v0.0.9 Tue Mar 12 18:02:23 EDT 2013
CPU: Feroceon 88FR131 [56251311] revision 1 (ARMv5TE), cr=00053977
CPU: VIVT data cache, VIVT instruction cache
Machine: Feroceon-KW
Using UBoot passing parameters structure
Memory policy: ECC disabled, Data cache writeback
Built 1 zonelists in Zone order, mobility grouping off.  Total pages: 32512
Kernel command line: console=ttyS0,115200 root=/dev/ram0 mtdparts=spi_flash:0x7e000@0(u-boot),0x1000@0x7f000(env),0x1000@0x7e000(env2) :::DB88FXX81:eth0:none
PID hash table entries: 512 (order: 9, 2048 bytes)
Dentry cache hash table entries: 16384 (order: 4, 65536 bytes)
Inode-cache hash table entries: 8192 (order: 3, 32768 bytes)
Memory: 128MB = 128MB total
Memory: 114104KB available (5248K code, 326K data, 140K init, 0K highmem)
Hierarchical RCU implementation.
........

and default uboot env:

root@IomegaEZ-2:/# fw_printenv
baudrate=115200
loads_echo=0
rootpath=/srv/ubuntu
netmask=255.255.255.0
run_diag=yes
MALLOC_len=1
ethprime=egiga0
bootargs_end=:::DB88FXX81:eth0:none
image_name=uImage
standalone=fsload 0x2000000 $(image_name);setenv bootargs $(console) root=/dev/mtdblock0 rw ip=$(ipaddr):$(serverip)$(bootargs_end) $(mvPhoneConfig); bootm 0x2000000;
lcd0_enable=0
lcd0_params=640x480-16@60
ethmtu=1500
mvPhoneConfig=mv_phone_config=dev[0]:fxs,dev[1]:fxo
mvNetConfig=mv_net_config=(00:11:88:0f:62:81,0:1:2:3),mtu=1500
usb0Mode=host
yuk_ethaddr=00:00:00:EE:51:81
netretry=no
rcvrip=169.254.100.100
loadaddr=0x02000000
autoload=no
image_multi=yes
ethact=egiga0
console=console=ttyS0,115200
bootargs_root=root=/dev/ram0
bootargs_mtd=mtdparts=spi_flash:0x7e000@0(u-boot),0x1000@0x7f000(env),0x1000@0x7e000(env2)
kernelimage=zImage
initrdimage=mfginitrd
ipaddr=192.168.1.2
mfgmodel=ix1
preroot_ver=0.0.2
bootcmd2=ide dev 1;ide read 0x40000 0x800 0x1800; ide read 0x900000 0x2000 0x1800; bootm 0x40000 0x900000;
stdin=serial
stdout=serial
stderr=serial
mainlineLinux=no
enaMonExt=no
enaCpuStream=no
enaWrAllo=no
pexMode=RC
disL2Cache=no
setL2CacheWT=yes
disL2Prefetch=yes
enaICPref=yes
enaDCPref=yes
sata_dma_mode=yes
netbsd_en=no
vxworks_en=no
bootdelay=3
disaMvPnp=no
enaAutoRecovery=yes
pcieTune=no
pcieTune1=no
uboot_ver=0.0.8
fw_ver=3.3.2.29823
serial_number=5563Z01001G30100903J0C1
ethaddr=00:D0:B8:14:0A:D3
serialNo=USAD02000B
modelname=31997701
serialno=0,01Psj7Guhv+GFz9BTdNDEWuZkLCW14v/AGydN4ThnD4c+YvLbnNeoNYr0y5N6KVXP2,USAD02000B,
runintime=10800
ftpserver=192.168.43.4
testfile=100M
mfgtest_state=system_tested_ok
pre_path=IX1/1.0.4/download_runin.sh
pre_path_conf=IX1/1.0.4/download_runin.conf
pre_serverip=192.168.32.4
pre_user=ixxrunin
pre_passwd=123
pre_dirzi=IX1/1.0.4
serverip=192.168.32.4
bootcmd=ide reset; ide read 0x40000 0x800 0x1800; ide read 0x900000 0x2000 0x1800; setenv bootargs $(console) $(bootargs_root) $(bootargs_mtd) $(bootargs_end); bootm 0x40000 0x900000;run bootcmd2

After some uboot env modification,

usb_scan=setenv usb_device 0:1; setenv usb_root sdb1
make_usb_bootargs=setenv bootargs $(console) $(bootargs_mtd) $(bootargs_end) root=/dev/$(usb_root) rootdelay=10 rootfstype=ext2
bootcmd_usb=usb reset; run usb_scan; run make_usb_bootargs; ext2load usb $(usb_device) 0x40000 /boot/zImage; bootm 0x40000
bootcmd1=ide read 0x40000 0x800 0x1800; ide read 0x900000 0x2000 0x1800; setenv bootargs $(console) $(bootargs_root) $(bootargs_mtd) $(bootargs_end); bootm 0x40000 0x900000;run bootcmd2
bootcmd=ide reset; run bootcmd_usb; usb stop; run bootcmd1

I can boot into Debian wheezy clean in USB stick! but not into newer kernel..... It boot with manufacturer provided kernel(zimage form) only. Kernel wouldn't boot and give message like "Bad Magic Number". well i tried to find proper arcnumber but my lack of knowledge, met with failure.
Any help info would be appreciated.