diff --git a/ChangeLog b/ChangeLog
index 36a6026..48843ec 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -5,6 +5,10 @@
 # Distributed under the GPL v2
 # $Id$
 
+  06 Jan 2012; Robin H. Johnson <robbat2@gentoo.org> genkernel:
+  Bump version to 3.4.21.2. Stock configuration of 3.4.21.1 generates
+  unbootable initramfs!
+
   06 Jan 2012; Robin H. Johnson <robbat2@gentoo.org> gen_determineargs.sh,
   genkernel.conf:
   Fix some defaults otherwise you get an initramfs without any modules!
diff --git a/genkernel b/genkernel
index dc32491..400b17d 100755
--- a/genkernel
+++ b/genkernel
@@ -2,7 +2,7 @@
 # $Id$
 
 PATH="${PATH}:/sbin:/usr/sbin"
-GK_V='3.4.21.1'
+GK_V='3.4.21.2'
 
 # Set the default for TMPDIR.  May be modified by genkernel.conf or the
 # --tempdir command line option.