Unable To Run Mysql On Linux - After Shuting Down

I was having issue with ibdata1 file which had grown to 5GB on the server machine. so after reading couple of blogs, i got the way how to remove it. i backedup my DB's, stopped the mysql and deleted that ibdata1 file.

now after that, i am unable to run mysql in ANYWAY!. I have searched accross the boards, across the blogs and i am still unable to figure out the problem.

every time i start it gives me following error

[root@server init.d]# /etc/init.d/mysqld start
Timeout error occurred trying to start MySQL Daemon.
Starting MySQL: [FAILED]
and here is my my.cnf file

[mysqld]
datadir=/var/lib/mysql
socket=/var/lib/mysql/mysql.sock
max_connections=50
table_cache=1000
thread_cache_size=40
thread_stack=100K
wait_timeout=10
join_buffer=2M
myisam_sort_buffer_size=6M
query_cache_size=6M
read_rnd_buffer_size=2M
#i wrote this line to recover, but failed. innodb_force_recovery=4

[mysql.server]
user=mysql
basedir=/var/lib

[mysqld_safe]
err-log=/var/log/mysqld.log
pid-file=/var/run/mysqld/mysqld.pid