Woah... tried it on a dual G4 and cut 22 seconds off boot--impressive. Interestingly, the desktop icons seemed to pop up faster after the doc with this applied, but I wonder if that's just placebo at work.
For reference, the breakdown:
End of chime to screen on (Apple monitor): 19 seconds both ways
Screen on to appearance of spinner: 4 seconds both ways
(so far, just hardware testing, so I wouldn't expect that to change)
Spinner appearance to icons: 42 seconds before, 20 seconds after.
So really, it more than doubled the part of the boot that it applies to. And if you don't count the hardware test, that is indeed a roughly 20 second boot for the actual MacOS--quite speedy.
I want to try this with my G5, but I'm always a little paranoid about messing with my home machine. Might just wait for 10.3.3.