This sounds pretty dramatic. Was the 10 bounce the first launch after boot? It should take a lot longer the first time you launch an app after boot than subsequent launches since the system store RAM Safari used into inactive memory making later launches faster. I have a mid 2009 13' MacBook Pro (which at this point is not a powerful mac at all) with the original 5400-rpm HDD. But Safari with 6 extensions running can open after 1 bounce (quit and then relaunch). But of course, I might be using lighter extensions than you did.