What do you want me to say I was wrong about?
I'm good. You made an excellent explanation about why it doesn't work for you. As long as it works on the Pyra, as it does on the Pandora it shouldn't be a concern though.
Although, there is an argument even on the Pandora (and subsequently the Pyra) for a complete shutdown.
The Pandora has a 4200mah battery. This is enough to give it about 10 hours of standard use: playing most games, editing documents, etc... Turn on the wifi, play a more CPU intensive and memory exhaustive game, crank up the brightness to full and that cuts down to about 4-6 hours, but go the other way, keep it idling with all peripherals (wifi, screen, USB) turned off (usually just close the screen) and it will last for days, almost a week from a full charge if I recall correctly. If you suspend the Pandora I think it was estimated that the battery will run out after just over 2 weeks. That's a lot of time to go without a charge. But then, if you actually shut it down, the battery only keeps powering long lived things like the clock, and from this it can survive for months on a full charge before it falls below 3v. If keeping the clock ticking while the system is off isn't a concern for you, if you're ok with turning it on to January 1st 1970, then you can pull the battery and it'll last for years (at which point it'll likely be completely dead or close to it from lack of exercise, but that's besides the point)
If you're going to be without power for an extended period of time, days or possibly weeks, and you need to maintain a charge so you can use it sporadically, then you have a very good reason to want to shut down between uses, and probably pull the battery too. Is this a situation that warrants consideration when deciding if a particular init system should be chosen because it boots faster?
Now I'm envisioning some kind of secret agent who gets caught because his flashy Pyra hacking computer didn't boot up fast enough