I've just done a fresh install of factory to see how systemd behaves. At first I ran with init=/bin/systemd configured in lilo.conf. With this I get hardly any console output? After an fsck of the /home volume, nothing happens until I get the login prompt. Is intentional?
Then I tried just adding init=/bin/systemd at the lilo prompt, and now I got a lot more of the usual output, although it seems to be a bit garbled. Lines are overwritten, seems to jump up and down.