So most Linux users will use software like LILO or loadlin that takes care of handing these arguments to the kernel, and then booting it. Boot Prompt arguments typically only apply to hardware drivers that are compiled directly into the kernel. They have no effect on drivers that are loaded as modules.
Most distributions use modules.
This present revision covers kernels up to and including v2.0.33. This document is not gospel. However, it is probably the most up to date info that you will be able to find. Nobody is responsible for what happens to your hardware but yourself. I take no responsibility.