I recently almost died from a heart attack because after a really horrible crash (don't ask), Debian unstable on my laptop wouldn't boot anymore. The system hung at "Waiting for root filesystem...", and I was in panic mode as I feared I lost all my data (and as usual my backups were waaay too old).
At first I was suspecting that something actually got erased or mangled due to the crash, either at the dm-crypt layer, or the LVM layer, or the ext3 filesystem on top of those. After various hours of messing with live CDs, cryptsetup, lvm commands (such as pvscan, pvs, vgchange, vgs, vgck) and finally fsck I still had not managed to successfully boot my laptop.
I finally was able to boot by changing the initrd from initrd.img-2.6.30-2-686 to initrd.img-2.6.30-2-686.bak in the GRUB2 menu (at boot-time), at which point it was clear that something was wrong with my current initrd. A bit of debugging and some initrd comparisons revealed the cause:
Both, the cryptsetup and lvm2 packages were no longer installed on my laptop, which made all update-initramfs invokations (e.g. upon kernel package updates) create initrds which did not contain the proper dm-crypt and lvm functionality support. Hence, no booting for me. I only noticed because of the crash, as I usually do not reboot the laptop very often (two or three times per year maybe).
Now, as to why those packages were removed I have absolutely no idea. I did not remove them knowingly, so I suspect some dist-upgrade did it and I didn't notice (but I do carefully check which packages dist-upgrade tries to remove, usually)...