I don't really think that has anything to do with initalisation though. With drivers your really are getting back to HD speed and CPU speed. Besides even it took a full second to initalize the card, with the Quad core beast, blazing fast bus speeds, and HD speeds you should be able to initialize just about everything at the same time. Aside from the fact that many people, as some have pointed our here, this is possible. Something QNX or Amithlon, take seconds to boot and you can access the internet, hear sound, see the desktop.
Compare the size of your ultra fast boot time OS and the functionality they give to those that boot more slowly on the same hardware.
Neither Amithlon or QNX support anything beyond the basic framebuffer of my card (and probably not even that). So, whilst they can boot in a fraction of the time, they don't offer the same functionality. No 3D, no physics acceleration, no GPGPU support, no video decoding.
If I only use the most basic supported drivers for all my hardware I can reduce the boot time quite considerably. However, I didn't pay good money to buy hardware I can't use properly. A card with ~960GFLOPS number crunching capability is no better than an old Cirrus Logic if all your OS/divers grant you is a few MB of framebuffer.
The argument about the quad core being able to initialise everything is neither here nor there. Aside from starting services, booting up is pretty much a single threaded operation, one that is dominated by waiting for hardware and disk IO. Disk intensive (many seeks and small transfers) operations are slow on any OS, AmigaOS included.
If you are going to assert that slow boot times must be down to something else, then you need to explain why my A1XE doesn't boot dozens of times faster than my least classic machines do. It has much faster hardware and is pretty much doing the same jobs in the same way as OS3.9 did them during boot time.