ntpd startup too early + hangs

[Kenneth Porter]

--On Wednesday, February 02, 2005 10:05 PM +0800 Jeff Pitman 
<symbiont at berlios.de> wrote:

> It's actually ntpdate, executed by the startup script with a sampling of
> 8 packets (-p 8).  ntpdate is actually supposed to be a deprecated
> utility.  Remove /etc/ntp/step-servers to skip the ntpdate step, which
> will block the bootup process.  ntpd will then be executed with the -g
> parameter, which will perform ntpdate type functionality on a first
> synchronization with the time servers.  Subsequent syncs will use
> slew/step corrections instead.
>
> This *should* be bugzilla'd.

<https://bugzilla.redhat.com/bugzilla/buglist.cgi?component=ntp>

I don't see anything that matches. Is this still true in FC3? (I'm still 
using FC2.)