Description of problem: dracut-017-59.git20120321.fc17 added a require on util-linux >= 2.21 which is only in f16. Trying to follow https://fedoraproject.org/wiki/Upgrading_Fedora_using_yum#Fedora_16_-.3E_Fedora_17 causes util-linux to be upgraded at the "yum --releasever=17 update rpm dracut" step, which ends up trying to upgrade filesystem to the f17 version. This package cannot be installed at this point since the goal of the first step is to do the usrbin conversion, and f17 filesystem package cannot be installed before the conversion is done.
dracut-013-22.fc16 has been submitted as an update for Fedora 16. https://admin.fedoraproject.org/updates/dracut-013-22.fc16
Package dracut-013-22.fc16: * should fix your issue, * was pushed to the Fedora 16 testing repository, * should be available at your local mirror within two days. Update it with: # su -c 'yum update --enablerepo=updates-testing dracut-013-22.fc16' as soon as you are able to. Please go to the following url: https://admin.fedoraproject.org/updates/FEDORA-2012-5109/dracut-013-22.fc16 then log in and leave karma (feedback).
dracut-013-22.fc16 has been pushed to the Fedora 16 stable repository. If problems still persist, please make note of it in this bug report.