We upgraded from JBoss 4 (and JDK 5) to JBoss 5 (and JDK 6). The problem is that the start time has gone from 1.5 minutes (on JBoss 4) to more than 4 minutes.
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Turn off annotation scanning and other features you don't need https://community.jboss.org/wiki/jboss5xtuningslimming
When you start/stop JBoss from eclipse, it does not clean up the tmp & work folders correctly. Setup an External Tool configuration and run a batch file to delete everything in tmp & work folders before each startup.
I was able to speedup running the "default" profile from 15/20 minutes to 5 minutes.