As I've mentioned earlier Ubuntu Karmic will get a whole new, shiny and flicker-free boot experience. In other words, the sequence of events between switching on your computer and your desktop session will be largely redeveloped and redesigned.
The standard boot sequence will not include Usplash any longer, instead, the X-session will be started right away. Therefore, the graphical boot splash screen will have the whole X-stack available, including hardware acceleration...
The DX and Design teams are looking for help in the form of fresh, innovative concepts, and that is exactly what Mr. Doob has submitted. Mr. Doob has created a extremely simple, very slick and super sexy design as you can see below.
Xens suggested, in a thread on the ubuntu forum, that we should extend (not reduce) the boot time, because we need time to watch this beautifull splashscreen ;-)
Anyway, let's hope that the folks at Canonical embraces this design, unless they've got something even better. I'm very much looking forward to Ubuntu 9.10.