Comment 2 for bug 474720

usplash seems to crash after 10 seconds so ugly text appears before xsplash.

You can find the following line in the log :
[ 21.858094] usplash:380 freeing invalid memtype fffffffff9000000-fffffffff9e00000

The text display between usplash and xsplash is this :
fsck from util-linux-ng 2.16
Jaunty: clean, 163530/655360 files, 1242212/2620595 blocks
fsck from util-linux-ng 2.16
home: clean, 32709/3924960 files, 6998714/15729635 blocks
 * Starting AppArmor profiles
 * Starting OpenBSD Secure Shell server sshd
One or more of the mounts listed in /etc/fstab cannot yet be mounted:
(ESC for recovery shell)
swap : wainting for UUID=e166d809-43d0-42f7-8ef0-16aaca01bd14
 * Running DKMS auto installation service for kernel 2.6.31-14-generic
 * nvidia (190.42)...
   ... done