Description of problem:
Init should be replaced. Booting services sequentially is a slow
approach, and I would rather see something such as Seth's
SystemServices being used instead.

Additional info:
Another approach I've thought about, is to compile the service
starting procedure into a binary program (instead of the current
scripted solution) each time services are added/removed. Ie, using a
config file (a standard Makefile?) that is read by a compiler that
generates a binary program that is loaded instead of init. There
should however be a tool for configuring which services to start,
generating this config file - no manual textfile tweaking should be
necessary. Just an idea - but the booting procedure really needs to be
faster (XP boots in almost no time at all).