reporting back after some tinkering with the rollback. thx @Staudey .
sadly it did not produce the result i hoped for. and actually i do not remember having done an update just before the issue came to be.
current state: booting with latest kernel still broken.
maybe someone does recognize any issue in the boot config?
$ cat /boot/loader/entries/Solus-current-5.14.16-205.conf
title Solus 4.3 Fortitude
linux /EFI/com.solus-project/kernel-com.solus-project.current.5.14.16-205
initrd /EFI/com.solus-project/initrd-com.solus-project.current.5.14.16-205
options root=UUID=1bf8fb62-8695-463b-8577-a0de85f400e8 rd.luks.uuid=d1751b22-4c17-49e9-ac3f-48aeed57a26f quiet loglevel=3 splash systemd.show_status=false rw radeon.si_support=0 radeon.cik_support=0 amdgpu.si_support=1 amdgpu.cik_support=1 resume=UUID=6c1b8fc1-408e-4d89-ba9e-b541831ab374
$ lsblk -o name,uuid | tail -n 6
nvme0n1
├─nvme0n1p1 F8A5-4541
└─nvme0n1p2 d1751b22-4c17-49e9-ac3f-48aeed57a26f
└─luks-d1751b22-4c17-49e9-ac3f-48aeed57a26f 9M3glA-CUeH-pXj8-P85i-cZUm-8LsQ-N2XnKq
├─SolusSystem-Swap c7efcdb6-b27b-4b8b-a553-87cdd00409ab
└─SolusSystem-Root 1bf8fb62-8695-463b-8577-a0de85f400e8
sorry that i am just guessing here...