I found this in a few different places around the 'net - hopefully it's helpful:
Disable XP Boot Logo
It is possible to disable the XP splash screen, which will slightly speed up the overall boot process. Be aware that removing the splash screen will also cause you not to see any boot-up messages that might come up (chkdsk, convert ... ), but if your system runs without any problems then it should not matter. - Edit boot.ini.
- Add " /noguiboot" right after "/fastdetect".
the downside is i think it also hides the chkdsk and safemode select screens
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