There is no X server running (/usr/bin/Xomap), this is fairly critical. At least matchbox window manager is already started so X server should be already up too. I think this is the line
in previous dmesg output. It waits and after some time (perhaps when matchbox times out when trying to connect to display) it gives up. Try to run /etc/init.d/x-server by hand to see possible errors.