You should see the little penguin in the corner of the screen while
the system is booting.
Besides the frame buffer options you mentioned in your original
message, what other frame buffer options are enabled in your
kernel? I have the following enabled in the default configuration:
# Display device support
#
# CONFIG_DISPLAY_SUPPORT is not set
# CONFIG_VGASTATE is not set
CONFIG_FB=y
CONFIG_FIRMWARE_EDID=y
# CONFIG_FB_DDC is not set
CONFIG_FB_CFB_FILLRECT=y
CONFIG_FB_CFB_COPYAREA=y
CONFIG_FB_CFB_IMAGEBLIT=y
# CONFIG_FB_SYS_FILLRECT is not set
# CONFIG_FB_SYS_COPYAREA is not set
# CONFIG_FB_SYS_IMAGEBLIT is not set
# CONFIG_FB_SYS_FOPS is not set
CONFIG_FB_DEFERRED_IO=y
# CONFIG_FB_SVGALIB is not set
# CONFIG_FB_MACMODES is not set
# CONFIG_FB_BACKLIGHT is not set
# CONFIG_FB_MODE_HELPERS is not set
# CONFIG_FB_TILEBLITTING is not set
#
# Frame buffer hardware drivers
#
# CONFIG_FB_S1D13XXX is not set
CONFIG_FB_M532x=y
# CONFIG_LCD_640x480 is not set
# CONFIG_LCD_800x600 is not set
CONFIG_LCD_240x320=y
# CONFIG_FB_VIRTUAL is not set
#
# Console display driver support
#
CONFIG_DUMMY_CONSOLE=y
CONFIG_FRAMEBUFFER_CONSOLE=y
# CONFIG_FRAMEBUFFER_CONSOLE_ROTATION is not set
CONFIG_FONTS=y
CONFIG_FONT_8x8=y
CONFIG_FONT_8x16=y
# CONFIG_FONT_6x11 is not set
# CONFIG_FONT_7x14 is not set
# CONFIG_FONT_PEARL_8x8 is not set
# CONFIG_FONT_ACORN_8x8 is not set
CONFIG_FONT_MINI_4x6=y
# CONFIG_FONT_SUN8x16 is not set
# CONFIG_FONT_SUN12x22 is not set
# CONFIG_FONT_10x18 is not set
CONFIG_LOGO=y
CONFIG_LOGO_LINUX_MONO=y
CONFIG_LOGO_LINUX_VGA16=y
CONFIG_LOGO_LINUX_CLUT224=y
You probably don't need all these options, but once you get a
working frame buffer you can disabling options.