http://upstart.ubuntu.com/

Quick version I compiled. I included the sample boot scripts.

This boosts up boot times extremely but hangs on shutdown :P
So you will have to take out your battery :/ to shutdown.
Also booting with charger in takes you into desktop w/out touch screen

I'll install fanoush's framebuffer stuff and see what the problem is.

Oh yes, dpkg -i --force-all has to be used. Install at own risk.