(Common to both Red Hat and Slackware distributions)
The last thing that needs to be done before rebooting is to create the fstab file on the soon to be root partion. The following is what you should have as a minimum for /iomega/etc/fstab:
Save the file, and reboot with the freshly made boot floppy and enjoy!
/dev/sda1 / ext2 defaults 1 1 /dev/sda2 none swap sw none /proc proc defaults 1 1
(Special thanks to Mike for reminding me about this very important and crucial step. - John)