Thinking they might have done something with the vmwgfx driver, I was able to blacklist it once I got the VM running and ssh'd into it with the 5.19.0-31 kernel.

Even with the vmwgfx driver blacklisted, the kernel still fails to display the console. 

I think that pretty much proves that Ubuntu borked something in this kernel since it will no longer display using the standard Linux frame buffer.