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I had NFS running until I upgraded to 3.6.2. I read this post which suggested that nfsv4 needed to be added to initcpio. I did that and nothing changed.
To try and get NFS working again I downgraded the kernel back to 3.5.5.1. During that process i got the following
>>> Updating module dependencies. Please wait ...
>>> Generating initial ramdisk, using mkinitcpio. Please wait...
==> Building image from preset: 'default'
-> -k /boot/vmlinuz-linux -c /etc/mkinitcpio.conf -g /boot/initramfs-linux.img
==> Starting build: 3.5.5-1-ARCH
-> Running build hook: [base]
-> Running build hook: [udev]
-> Running build hook: [autodetect]
-> Running build hook: [pata]
-> Running build hook: [scsi]
-> Running build hook: [sata]
-> Running build hook: [filesystems]
-> Running build hook: [usbinput]
==> ERROR: module not found: `nfsv4'
==> Generating module dependencies
==> Creating gzip initcpio image: /boot/initramfs-linux.img
==> WARNING: errors were encountered during the build. The image may not be complete.
==> Building image from preset: 'fallback'
-> -k /boot/vmlinuz-linux -c /etc/mkinitcpio.conf -g /boot/initramfs-linux-fallback.img -S autodetect
==> Starting build: 3.5.5-1-ARCH
-> Running build hook: [base]
-> Running build hook: [udev]
-> Running build hook: [pata]
-> Running build hook: [scsi]
-> Running build hook: [sata]
-> Running build hook: [filesystems]
-> Running build hook: [usbinput]
==> ERROR: module not found: `nfsv4'
==> Generating module dependencies
==> Creating gzip initcpio image: /boot/initramfs-linux-fallback.img
==> WARNING: errors were encountered during the build. The image may not be complete.I have checked mkinitcpio which has the following in it
# MODULES
# The following modules are loaded before any boot hooks are
# run. Advanced users may wish to specify all system modules
# in this array. For instance:
# MODULES="piix ide_disk reiserfs"
MODULES="nfsv4"Offline