I've hit the same bug. I could resolve it with :

  # sudo update-initramfs -u

The dropbear installation process updates the initramfs. It works great
until you uninstall it as it doesn't re-update the initramfs.

The parent process of the hanging ipconfig was /scripts/init-premount/dropbear.
Please, fix it. ,-)

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https://bugs.launchpad.net/bugs/641471

Title:
   ipconfig -t 60 eth0 takes up 100% cpu

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