Problem description: It is not possible to NFS mount /usr exported from another machine, because /etc/rc.d/init.d/network uses the command /usr/bin/xargs which is not present at that time. Quick solution: Copy /usr/bin/xargs to /bin/xargs. Proper solution: Do not use /usr/bin/xargs in /etc/rc.d/init.d/network, but use $() from bash instead. Generally do not use ANY file from /usr before mounting NFS volumes and after unmounting NFS volumes.
this is fixed in the initscripts in Raw Hide.