My 5.5 looks nothing like that......here's mine:
#------------------------------------------------------------
# DO NOT MODIFY THIS FILE! It is updated automatically by the
# e-smith server and gateway software. Instead, modify the source
# template in the /etc/e-smith/templates directory. For more
# information, see
http://www.e-smith.org.
#
# copyright (C) 1999, 2000 e-smith, inc.
#------------------------------------------------------------
#
# inittab This file describes how the INIT process should set up
# the system in a certain run-level.
#
# Author: Miquel van Smoorenburg,
# Modified for RHS Linux by Marc Ewing and Donnie Barnes
#
# Default runlevel.
#
id:7:initdefault:
# Make sure that the loopback interface is up before
# starting named.
lo::bootwait:/etc/sysconfig/network-scripts/ifup lo
# Now start named, before starting any other services
nd:3457:respawn:/usr/sbin/named -f -u dns -t /home/dns
sv:7:respawn:/usr/bin/env - PATH=/usr/local/bin:$PATH /usr/local/bin/svscan /service
# The runlevels used by RHS are:
# 0 - halt (Do NOT set initdefault to this)
# 1 - Single user mode
# 2 - Multiuser, without NFS (The same as 3, if you do not have networking)
# 3 - Full multiuser mode
# 4 - unused
# 5 - X11
# 6 - reboot (Do NOT set initdefault to this)
# 7 - e-smith server and gateway
#
# System initialization.
si::sysinit:/etc/rc.d/rc.sysinit
l0:0:wait:/etc/rc.d/rc 0
l1:1:wait:/etc/rc.d/rc 1
l2:2:wait:/etc/rc.d/rc 2
l3:3:wait:/etc/rc.d/rc 3
l4:4:wait:/etc/rc.d/rc 4
l5:5:wait:/etc/rc.d/rc 5
l6:6:wait:/etc/rc.d/rc 6
l7:7:wait:/etc/rc.d/rc 7
# Things to run in every runlevel.
ud::once:/sbin/update
# Now that the local network interface is up, we
# kill named, so that init starts a new copy
# The new copy will bind to both loopback and local
# network interfaces, and all will be happy
ndk:3457:wait:/usr/bin/killall named
# Trap CTRL-ALT-DELETE
ca::ctrlaltdel:/sbin/shutdown -t3 -r now
pptp:357:respawn:/usr/sbin/pptpd -f
# Run gettys in standard runlevels
1:123457:respawn:/sbin/mingetty tty1
2:23457:respawn:/sbin/mingetty tty2
3:23457:respawn:/sbin/mingetty tty3
#------------------------------------------------------------
# TEMPLATE END
#------------------------------------------------------------