I get this occasionally too. However, for me this usually happens when
the connection I'm using just stops working. Network Manager (NM) thinks
it's fine, but it's not so I disconnect and try to reconnect. At this
point, the connection process takes twice as long and the NM applet
spins for a bit then just reverts back to a 'disconnected' state.
Looking in the syslog usually shows the above "pppd_timed_out(): Looks
like pppd didn't initialize our dbus module" issue.

I have a Huawei E169 modem that is usually plugged in at startup.

However, I've found a script that enables me to reconnect after I run
it:

----- restart_usb.sh ------
#!/bin/bash

sudo modprobe -r uhci_hcd
sudo modprobe uhci_hcd

echo "Waiting kernel to detect modem device"

#Wait till the kernel recognizes our E220
while [ ! -c /dev/ttyUSB1 ]; do
sleep 1
done
--- EOF ---

I am not a linux guru leet haxor, but it looks like the above simply
dumps the USB subsystem and then adds it back in again, forcing
freshness and joy onto your system.

I hope it's of help to people here or gives some insight into the source
of the error/bug.

-- 
Network-manager "Looks like pppd didn't initialize our dbus module" with Huawei 
E160G (E220) on amd64 Intrepid
https://bugs.launchpad.net/bugs/306049
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