IATKOS L2 - installation success but get stuck after boot #iATKOS

Hey, I installed iatkos l2 from USB using chameleon bootloader, I choose NVenabler under VGA I did make sure that graphic enabler was off and after the installation is over with success the computer boots into the system starts the intro music and than get stuck and shows me the kernel panic screen.

Computer specs:

Asus P5KPL-AM Motherboard

Dual-core E5200 2.5ghz

2gig RAM Kingston DDR2

Nvidia 7600gt 256mb

500gb WD hard drive

Please HELP!

*UPDATE*: I managed to run it using -x but there is no sound and the graphic card is not fully working.