No - he is not just restarting the system -- he is doing a Repair installation and the system files and drivers are being reinstalled from the installation CD --- so it taking awhile to perform that part of the repair install is normal and will take much longer than 2 minutes !!
From what I've read, he's beyond the system repair and at the loading screen.
In XP there is a very thin loading bar that can be hard to notice for those not looking for it. This loading bar is at the bottom of the screen. If there is no movement in this bar, then the system is halted and a restart is necessary.