When using kdm and choosing reboot, the system often changes to the console for 1 second and then tries to restart X. Therefore you do not see any console messages. X is stopped right when the md messages ("recovery thread got woken up" etc.) are displayed. I did already see this in 7.0 (with KDE 2.0.1 installed) but thought it was because of my, well, "unusual" installation. I can't really reproduce when this happens, but switching between X and the console and doing some telinit 3 and telinit 5 definitely helps ... (This was with both XF3 and XF4 using different computers with different hardware components.) When using gdm instead I do not experience any such problems.
This defect is considered MUST-FIX for Florence Release-Candidate #2
Works for me in 2.1-4