Here's my ~/.cache/ubuntuone/log/syncdaemon.log:

2011-09-16 15:30:14,915 - ubuntuone.SyncDaemon.Main - INFO - Starting Ubuntu One client version 1.6.2
2011-09-16 15:30:14,915 - ubuntuone.SyncDaemon.tritcask - INFO - Initializing Tritcask on: /home/asosnin/.local/share/ubuntuone/syncdaemon/tritcask
2011-09-16 15:30:14,915 - ubuntuone.SyncDaemon.tritcask - INFO - found 3 data files and 0 dead files
2011-09-16 15:30:14,918 - ubuntuone.SyncDaemon.tritcask - INFO - keydir ready! (keys: 52)
2011-09-16 15:30:14,919 - ubuntuone.SyncDaemon.fsm - INFO - loading updated metadata
2011-09-16 15:30:14,924 - ubuntuone.SyncDaemon.fsm - INFO - initialized: idx_path: 50, idx_node_id: 50, shares: 2
2011-09-16 15:30:14,992 - ubuntuone.SyncDaemon.filesystem_notifications.GeneralProcessor - INFO - Ignoring files: ['\\A#.*\\Z', '\\A.*~\\Z', '\\A.*\\.py[oc]\\Z', '\\A.*\\.sw[nopx]\\Z', '\\A.*\\.swpx\\Z', '\\A\\..*\\.tmp\\Z', '\\A\\.~lock\\..*#\\Z']
2011-09-16 15:30:15,055 - ubuntuone.SyncDaemon.HQ - INFO - HashQueue: _hasher started

I also have some seemingly strange behavior in controlpanel.log:

2011-09-16 15:33:21,356 - ubuntuone.controlpanel.dbus_service - DEBUG - FileSyncStatusChanged: args (<ubuntuone.controlpanel.dbus_service.ControlPanelBackend at /preferences at 0x22ee050>, 'file-sync-starting'), kwargs {}.
2011-09-16 15:33:21,357 - ubuntuone.controlpanel.gtk.gui - INFO - on_file_sync_status_starting: args (<FileSyncStatus object at 0x28457d0 (GtkHBox at 0x29c14e0)>, dbus.String(u'doing local rescan (LOCAL_RESCAN)')), kwargs {}.
2011-09-16 15:33:21,358 - ubuntuone.controlpanel.gtk.gui - DEBUG - on_file_sync_status_changed: args (<FileSyncService object at 0x29fd460 (GtkVBox at 0x29f8e70)>, dbus.String(u'file-sync-starting')), kwargs {}.
2011-09-16 15:33:21,358 - ubuntuone.controlpanel.gtk.gui - INFO - FileSyncService: on_file_sync_status_changed: status dbus.String(u'file-sync-starting'), enabled? True
2011-09-16 15:33:22,423 - ubuntuone.controlpanel.dbus_service - INFO - process_status: new status received {'status': 'file-sync-starting', 'message': u'doing local rescan (LOCAL_RESCAN)'}
2011-09-16 15:33:22,423 - ubuntuone.controlpanel.dbus_service - DEBUG - FileSyncStatusStarting: args (<ubuntuone.controlpanel.dbus_service.ControlPanelBackend at /preferences at 0x22ee050>, u'doing local rescan (LOCAL_RESCAN)'), kwargs {}.
2011-09-16 15:33:22,424 - ubuntuone.controlpanel.dbus_service - DEBUG - FileSyncStatusChanged: args (<ubuntuone.controlpanel.dbus_service.ControlPanelBackend at /preferences at 0x22ee050>, 'file-sync-starting'), kwargs {}.
2011-09-16 15:33:22,425 - ubuntuone.controlpanel.gtk.gui - INFO - on_file_sync_status_starting: args (<FileSyncStatus object at 0x28457d0 (GtkHBox at 0x29c14e0)>, dbus.String(u'doing local rescan (LOCAL_RESCAN)')), kwargs {}.
2011-09-16 15:33:22,430 - ubuntuone.controlpanel.gtk.gui - DEBUG - on_file_sync_status_changed: args (<FileSyncService object at 0x29fd460 (GtkVBox at 0x29f8e70)>, dbus.String(u'file-sync-starting')), kwargs {}.
2011-09-16 15:33:22,430 - ubuntuone.controlpanel.gtk.gui - INFO - FileSyncService: on_file_sync_status_changed: status dbus.String(u'file-sync-starting'), enabled? True
2011-09-16 15:33:23,481 - ubuntuone.controlpanel.dbus_service - INFO - process_status: new status received {'status': 'file-sync-starting', 'message': u'doing local rescan (LOCAL_RESCAN)'}
2011-09-16 15:33:23,481 - ubuntuone.controlpanel.dbus_service - DEBUG - FileSyncStatusStarting: args (<ubuntuone.controlpanel.dbus_service.ControlPanelBackend at /preferences at 0x22ee050>, u'doing local rescan (LOCAL_RESCAN)'), kwargs {}.
2011-09-16 15:33:23,481 - ubuntuone.controlpanel.dbus_service - DEBUG - FileSyncStatusChanged: args (<ubuntuone.controlpanel.dbus_service.ControlPanelBackend at /preferences at 0x22ee050>, 'file-sync-starting'), kwargs {}.
2011-09-16 15:33:23,482 - ubuntuone.controlpanel.gtk.gui - INFO - on_file_sync_status_starting: args (<FileSyncStatus object at 0x28457d0 (GtkHBox at 0x29c14e0)>, dbus.String(u'doing local rescan (LOCAL_RESCAN)')), kwargs {}.
2011-09-16 15:33:23,484 - ubuntuone.controlpanel.gtk.gui - DEBUG - on_file_sync_status_changed: args (<FileSyncService object at 0x29fd460 (GtkVBox at 0x29f8e70)>, dbus.String(u'file-sync-starting')), kwargs {}.
2011-09-16 15:33:23,484 - ubuntuone.controlpanel.gtk.gui - INFO - FileSyncService: on_file_sync_status_changed: status dbus.String(u'file-sync-starting'), enabled? True
2011-09-16 15:33:24,537 - ubuntuone.controlpanel.dbus_service - INFO - process_status: new status received {'status'::