The log seems quite OK till the point loading audio.elf / video.elf.
While loading audio.elf there have to be a few more "seeking to .." and while loading video.elf a little bit less.
The addresses although are looking strange, perhaps your uses the wrong audio / video files.
example for audio.elf:
copLoadFile (file /boot/audio.elf)
ustslave: Kernel Version: 24
base_address 0x40400000
seeking to 0
seeking to 400
seeking to 5c18
seeking to b058
seeking to ff08
seeking to 136f0
seeking to 15008
seeking to 15018
...........
...........
and a few more.