Alright I tried disabling the ureadahead. Made no difference. I tried booting up with Recovery Mode through Grub. Same thing happens except more text is displayed. Here are the last few lines:

[ 2.795097] EXT-4-fs (sda1): mounted filesystem with ordered data mode
Begin: Running /scripts/local-bottom ...
Done.
Done.
Begin: Running /scripts/init-bottom ...
Done.
[ 5.202741] Adding 2978808k swap on dev/sda5. Priority:-1 extents:1 across: 2978808k

Still stops doing anything at that point.