Ok, forget my comment for this issue.
After leaving the system alone for a couple of minutes it had been started and 
it seems that the padlock issue wasn't the cause because after looking at 
syslog I saw that this message occurs everytime when booting but doesn't cause 
a delay.
It rather seems to be a problem with ntp synching:

...
Jun 12 23:20:24 pc NetworkManager[987]: <info> Activation (eth0) Stage 5 of 5 
(IP Configure Commit) complete.
Jun 12 23:20:31 pc kernel: [  198.670027] eth0: no IPv6 routers present
Jun 12 23:20:32 pc ntpdate[1254]: adjust time server 91.189.94.4 offset 
-0.406334 sec
Jun 12 23:25:30 pc kernel: [  497.243444] SGI XFS with ACLs, security 
attributes, realtime, large block/inode numbers, no debug enabled
Jun 12 23:25:30 pc kernel: [  497.244409] SGI XFS Quota Management subsystem
...

I'm really surprised that time server adjusting interrupts the whole
boot process, but that's another issue...

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https://bugs.launchpad.net/bugs/779912

Title:
  modprobe: FATAL: Error inserting padlock_sha
  (/lib/modules/2.6.38-9-generic/kernel/drivers/crypto/padlock-sha.ko):
  No such device

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