It's slow because the AppleTPMACPI kernel extension is loading. That causes the kernel to eat up CPU while that KEXT tries to connect to the (nonexistent) hardware.
Remove /System/Library/Extensions/AppleTPMACPI.kext, or move it to somewhere else on your drive.
If that doesn't fix it, also delete the /System/Library/Extensions.mkext file, as well.
monkeyvoodooMember Since 07 Jul 2005
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