> 
> Even after doing a mount -u / in multi-user mode, It still is a read-only
> file system. Why?

In multi-user, / should be mounted r/w. If not, you've got to be
getting some sort of error message along the way.

Does your /etc/fstab make sense? Is it mentioning the correct
drives? I think one of the more recent installers will build a
faulty /etc/fstab. :-(

Take care,

Bill