I don't know how long it usually takes since this is the first time installing, however, when the progress bar stops during deployment of Ubuntu, it takes about 3 minutes to complete. I just downloaded again from Google and I got weird filenames, which I installed with the same results.
What happens after moboot boots uImage.CyanogenMod?
Do you get an error or just a blank screen? Can you adb shell after about 30 seconds later?
If no, format data and system and just install the system cm-10*.zip file without the rootfs..
Can you adb shell now?
Filenames should be...
cm-10.1-20130927-UNOFFICIAL-tenderloin.zip
saucy-preinstalled-touch-armhf.zip
I still haven't checked... will soon..
https://github.com/jshafer817/UbuntuTouch/tree/master/dualboot_android