Why don`t you use genkernel instead?
First, install it with
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equo install genkernel
Then, install the 3.7 kernel sources.
equo install sabayon-sources
After that, issue the command
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genkernel --no-clean --no-mrproper --menuconfig --lvm --splash=sabayon --kerneldir=/path/to/sources
Omit lvm if you don `t use (You need it if you used the default partitioning scheme), and replace /path/to/sources with your sources directory, somewhere in /usr/src .
This will drop you to a menu interface and through this you can start messing tings up. That is, you can enable or disabled kernel features. For instance, if you know exactly which hardware you have installed, you can disale everything else. I suggest that you dropped support for exotic partitioning schems (actively, msdos is thee on you use, 99.99%) and exotic filesystems such as zfs and xfs and stuff.
It can take practice until you get it right. Don `t try to use the chainsaw, that is, disabling to many feaatures or you will end up with your very own unbootable kernel.

If that happens, just boot your old one and try again. If you get fed up with it (it happens

) just use kernel-switcher instead.
P.S.: Come on, lxnay, make sabayon boot faster with the default setup

... For example, why those 10 secs waiting for input before boot???
