When using the checked kernel (/kernel=<filename> /hal=<filename>) the lm
command does not show any kernel modules. Of course I can load symbols,
etc.

The modules are of course loaded, but the lm command does not show them.
The target runs fine, but the lm command doesn't display kernel modules.

When I run without the checked kernel, lm shows all the kernel modules
(drivers).

My boot.ini is normal with /fastdetect and /noexecute=alwaysoff. These are
also set in the non-checked environment where lm does work.