Zdnet Australia have noticed that Thursday 26th will be Release Day for Ubuntu 6.10. Included in the article are a run-down of features, with the opening paragraphs dedicated to the init-replacement named upstart.
Thanks to TheFridge, the article is found here
Upstart replaces the decades-old “init” software originally created for System V Unix and provides “substantially faster” start-up times, Canonical said. Essentially, Upstart provides a new mechanism for launching all the services that constitute a running Linux system. With Upstart, and unlike init, specific system events can control which services run, and the initiation of a service can trigger other events.