If you mean the package keyboard-shortcuts, then it is hard to believe, since none of the scripts in this package run unless you have modified-hildon-desktop package installed and you press specific key combinations. It is much more likely that modified-hildon-desktop is the cause of the reboot-loop.

If you can give more accurate description of the problem, it might be possible to debug it. At a minimum a description of what happens before the reboot, and the results of the commands

dpkg -l modified-hildon-desktop

ls -l /usr/bin/hildon-desktop.launch

gconftool-2 -R /apps/osso/hildon-desktop/key-actions