Dear bam,
(using koen's way of saying it) lardman and adf is bullshit.
initrd.bin is similar to initrd.img used in normal linux boot.
It is a gzipped image. To mount it, first gunzip, plus
kernel have to have initrd support, then use this command
mount -t ext2 -o loop initrd /mnt
to mount it.
br,
felix.