Could it be that my Buffered IDE Interface is faulty, because I don't think that getting it working should be this hard. I'm getting really frustrated, and almost all the hope I had, is gone. 
/Lauri
From my notes..
Some CDs also hang the system when used on their own with C:IDEFIX in the
startup-sequence. If you use the drive as a slave to another then they usually
work fine. If the drive is on its own then you do not need the C:IDEFIX command in
the startup. Simply put a ; in front of the line eg ;C:IDEFIX - This will instruct
the system to ignore it. When you require the command (recognise a HD ) then just
delete the ;
Check your startup-sequence in S with an editor and add the semi colon ; in front of
the C:IDEFIX so it reads ;C:IDEFIX and see what happens.
Or open the CLI/Shell and type edit s:startup-sequence and then do above.
The CDROM should be on Channel 2... The top one with Pin 1 to the left of the interface. Pin 1 of the CDROM is normally on the right as you look at the back.
Some UDMA CDs need to be set as Master.
scuzz