images used as scsi disks not readable (qemu-system-arm, macos 10.8)

Using a arm1176 kernel and the raspbian image (10-28 or 12-16) as my disk, I get as far as mounting root and then get SCSI errors with 1.3.0 and the current origin/master. git bisect says the issue is

commit f563a5d7a820424756f358e747238f03e866838a
Merge: a273652 aee0bf7
Author: Paolo Bonzini <email address hidden>
Date:   Wed Oct 31 10:42:51 2012 +0100

    Merge remote-tracking branch 'origin/master' into threadpool
    
    Signed-off-by: Paolo Bonzini <email address hidden>


I am using:
qemu-system-arm -no-reboot -M versatilepb -cpu arm1176 -m 256 -hda 2012-12-16-wheezy-raspbian.img -kernel kernel-qemu -append "root=/dev/sda2 rootfstype=ext4 elevator=deadline rootwait panic=1" -serial stdio -usbdevice tablet -net nic -net user,hostfwd=tcp::40022-:22

Configured on MacOS 10.8.2 with current Xcode and MacPorts installed, thus:
CPATH=/opt/local/include CFLAGS="-pipe -O2 -arch x86_64" CPPFLAGS="-I/opt/local/include" CXXFLAGS="-pipe -O2 -arch x86_64" LIBRARY_PATH="/opt/local/lib" MACOSX_DEPLOYMENT_TARGET="10.8" CXX="/usr/bin/clang++" LDFLAGS="-L/opt/local/lib -arch x86_64" OBJC=/usr/bin/clang FCFLAGS="-pipe -O2 -m64" INSTALL="/usr/bin/install -c" OBJCFLAGS="-pipe -O2 -arch x86_64" CC="/usr/bin/clang"  ./configure --prefix=/opt/local --cpu=x86_64 --cc=/usr/bin/clang --objcc=/usr/bin/clang --host-cc=/usr/bin/clang --python=/opt/local/bin/python2.7 --target-list=arm-softmmu