Live CDs will still boot slower than full installs, because accessing the CD is a lot slower than accessing the HDD. I'm wondering whether the boot time for Live CDs will be fast enough to avoid displaying the progress bar, or whether they will have to boot Live CDs differently than HDD installs.
Yes. But I doubt LiveCDs will reach the 10s limit. (Though they may probably benefit from the work being done.) At the current state of the art the Ubuntu LiveCD takes a magnitude longer to boot than a HDD install.