Please file issue #2 as a separate bug report. I can confirm the first issue on current Edgy with an Nvidia Geforce Go 7400 card.
** Changed in: usplash (Ubuntu)
Importance: Untriaged => Medium
Status: Unconfirmed => Confirmed
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usplash doesn't start immediately when asking 'restart' in gnome
https://launchpad.net/bugs/55985
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