I can confirm this in Feisty, using compiz 0.36 from the gandalf repository. I don't use any custom scripts to start compiz either.
** Attachment added: "dmesg.txt" http://librarian.launchpad.net/6484599/dmesg.txt -- startup programs delayed for 2 minutes with compiz/beryl enabled https://launchpad.net/bugs/78566 -- ubuntu-bugs mailing list ubuntu-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs