[TouchPad Development] ashtrai:
Tried this and I still have the same issue. I have another logcat here, this time I rebooted the device. Turned on logcat. Let it sleep for 3 minutes and then woke it up and paused the logcat.

build.board: tenderloin
build.bootloader: unknown
build.brand: generic
build.cpu_abi: armeabi-v7a
build.cpu_abi2: armeabi
build.device: tenderloin
build.display: IMM76D
build.fingerprint: hp/hp_tenderloin/tenderloin:4.0.4/IMM76D/223971:user/release-keys
build.hardware: tenderloin
build.host: marjory
build.id: IMM76D
build.manufacturer: unknown
build.model: cm_tenderloin
build.product: touchpad
build.radio: unknown
build.serial: 6d2092c8a14f55aa15b6b794e3cdd6a6e1fd97e1
build.tags: test-keys
build.time: 1334763995000
build.type: userdebug
build.user: cm-hudson
version.codename: REL
version.incremental: eng.cm-hudson.20120418.094527
version.release: 4.0.4
version.sdk_int: 15

04-20 19:00:49.289 I/ALSAModule(155): ALSA Module: closing down output device
04-20 19:00:49.309 D/memalloc(152): /dev/pmem: Allocated buffer base:0x2ca66000 size:73728 offset:18612224 fd:39
04-20 19:00:49.319 D/memalloc(1490): /dev/pmem: Mapped buffer base:0x46e90000 size:18685952 offset:18612224 fd:70
04-20 19:00:49.319 D/ALSAModule(155): open called for devices 00000000 in mode 0...
04-20 19:00:49.349 I/ALSAModule(155): Set global parms
04-20 19:00:49.349 I/ALSAModule(155): Setting interleved PCM
04-20 19:00:49.549 I/ALSAModule(155): Buffer size: 2400, chunk 4800, latency 54421
04-20 19:00:49.549 I/ALSAModule(155): Initialized ALSA PLAYBACK device default
04-20 19:00:49.549 E/AudioHardwareALSA(155): RE-OPEN AFTER STANDBY:: took 262 msecs
04-20 19:00:49.729 D/dalvikvm(1490): GC_CONCURRENT freed 992K, 17% free 6919K/8263K, paused 3ms+5ms
04-20 19:00:51.919 D/dalvikvm(517): GC_FOR_ALLOC freed 278K, 10% free 7375K/8135K, paused 24ms
04-20 19:00:52.739 I/ALSAModule(155): ALSA Module: closing down output device
04-20 19:00:52.799 D/memalloc(1490): /dev/pmem: Unmapping buffer base:0x46e90000 size:18685952 offset:18612224
04-20 19:00:53.339 D/memalloc(152): /dev/pmem: Freeing buffer base:0x2dc26000 size:73728 offset:18612224 fd:39
04-20 19:00:56.809 I/lights (221): Disabling touch screen
04-20 19:00:56.809 D/lights (221): Send ts socket 1 byte(s): 'C'
04-20 19:00:56.809 D/ts_srv (148): Socket received 1 byte(s): 'C'
04-20 19:00:56.809 D/ts_srv (148): uart closed: 0
04-20 19:00:56.809 I/ts_power(148): touchscreen_power: enable=0, ts_state=1
04-20 19:00:56.809 I/power (221): *** set_screen_state 0
04-20 19:00:56.809 D/SurfaceFlinger(152): About to give-up screen, flinger = 0xf918
04-20 19:00:56.809 D/Sensors (221): sensor activation called: handle=3, enabled=0********************************
04-20 19:00:56.819 D/Sensors (221): sensor activation called: handle=0, enabled=0********************************
04-20 19:00:56.829 V/TransportControlView(221): Create TCV com.android.internal.widget.TransportControlView@2beba768
04-20 19:00:56.889 D/dalvikvm(221): GC_FOR_ALLOC freed 610K, 13% free 10026K/11463K, paused 44ms
04-20 19:00:56.919 I/CpuGovernorService(221): intent action: android.intent.action.SCREEN_OFF
04-20 19:00:56.979 D/dalvikvm(221): GC_FOR_ALLOC freed 66K, 9% free 10432K/11463K, paused 37ms
04-20 19:00:57.049 I/ALSAModule(155): ALSA Module: closing down output device
04-20 19:00:57.089 D/ALSAModule(155): open called for devices 00000000 in mode 0...
04-20 19:00:57.109 D/dalvikvm(221): GC_EXPLICIT freed 21K, 9% free 10493K/11527K, paused 2ms+11ms
04-20 19:00:57.119 I/ALSAModule(155): Set global parms
04-20 19:00:57.119 I/ALSAModule(155): Setting interleved PCM
04-20 19:00:57.119 D/memalloc(152): /dev/pmem: Allocated buffer base:0x2ca66000 size:3014656 offset:12582912 fd:39
04-20 19:00:57.139 D/memalloc(221): /dev/pmem: Mapped buffer base:0x4c6b3000 size:15597568 offset:12582912 fd:255
04-20 19:00:57.149 I/TabletStatusBar(354): DISABLE_CLOCK: yes
04-20 19:00:57.179 D/memalloc(152): /dev/pmem: Allocated buffer base:0x2ca66000 size:3014656 offset:19005440 fd:43
04-20 19:00:57.189 D/memalloc(221): /dev/pmem: Mapped buffer base:0x4e51e000 size:22020096 offset:19005440 fd:258
04-20 19:00:57.309 I/ALSAModule(155): Buffer size: 2400, chunk 4800, latency 54421
04-20 19:00:57.309 I/ALSAModule(155): Initialized ALSA PLAYBACK device default
04-20 19:00:57.309 E/AudioHardwareALSA(155): RE-OPEN AFTER STANDBY:: took 257 msecs
04-20 19:00:57.359 D/dalvikvm(1490): GC_CONCURRENT freed 239K, 15% free 7081K/8263K, paused 4ms+6ms
04-20 19:00:57.539 D/memalloc(152): /dev/pmem: Allocated buffer base:0x2ca66000 size:3014656 offset:6029312 fd:54
04-20 19:00:57.549 D/memalloc(221): /dev/pmem: Mapped buffer base:0x4d593000 size:9043968 offset:6029312 fd:264
04-20 19:01:00.229 W/ThrottleService(221): unable to find stats for iface rmnet0
04-20 19:01:00.549 I/ALSAModule(155): ALSA Module: closing down output device
04-20 19:01:31.889 D/dalvikvm(517): GC_FOR_ALLOC freed 258K, 10% free 7374K/8135K, paused 27ms
04-20 19:03:47.730 I/power (221): *** set_screen_state 1
04-20 19:03:47.760 D/Sensors (221): sensor activation called: handle=3, enabled=1********************************
04-20 19:03:47.770 D/Sensors (221): sensor activation called: handle=0, enabled=1********************************
04-20 19:03:47.800 I/CpuGovernorService(221): intent action: android.intent.action.SCREEN_ON
04-20 19:03:47.800 E/WifiStateMachine(221): set suspend optimizations failed!
04-20 19:03:47.830 I/lights (221): Enabling touch screen
04-20 19:03:47.830 D/lights (221): Send ts socket 1 byte(s): 'O'
04-20 19:03:47.830 D/ts_srv (148): Socket received 1 byte(s): 'O'
04-20 19:03:47.830 I/ts_power(148): touchscreen_power: enable=1, ts_state=0
04-20 19:03:47.830 I/WindowManager(221): Lock screen displayed!
04-20 19:03:48.010 D/SurfaceFlinger(152): Screen about to return, flinger = 0xf918
04-20 19:03:48.030 D/ts_srv (148): uart opened at 15
04-20 19:03:48.150 D/dalvikvm(1490): GC_CONCURRENT freed 365K, 15% free 7105K/8263K, paused 2ms+3ms
04-20 19:03:48.920 D/dalvikvm(517): GC_FOR_ALLOC freed 258K, 10% free 7374K/8135K, paused 34ms
04-20 19:03:49.340 D/OpenGLRenderer(221): Flushing caches (mode 0)
04-20 19:03:49.350 D/memalloc(221): /dev/pmem: Unmapping buffer base:0x4c6b3000 size:15597568 offset:12582912
04-20 19:03:49.350 D/memalloc(221): /dev/pmem: Unmapping buffer base:0x4e51e000 size:22020096 offset:19005440
04-20 19:03:49.350 D/memalloc(221): /dev/pmem: Unmapping buffer base:0x4d593000 size:9043968 offset:6029312
04-20 19:03:49.350 D/memalloc(152): /dev/pmem: Freeing buffer base:0x2d666000 size:3014656 offset:12582912 fd:39
04-20 19:03:49.350 D/memalloc(152): /dev/pmem: Freeing buffer base:0x2d026000 size:3014656 offset:6029312 fd:54
04-20 19:03:49.360 I/ALSAModule(155): ALSA Module: closing down output device
04-20 19:03:49.380 D/dalvikvm(354): GC_CONCURRENT freed 430K, 8% free 7657K/8263K, paused 4ms+1ms
04-20 19:03:49.380 D/ALSAModule(155): open called for devices 00000000 in mode 0...
04-20 19:03:49.400 I/TabletStatusBar(354): DISABLE_CLOCK: no
04-20 19:03:49.410 I/ALSAModule(155): Set global parms
04-20 19:03:49.410 I/ALSAModule(155): Setting interleved PCM
04-20 19:03:49.440 V/TabletStatusBar(354): setLightsOn(true)
04-20 19:03:49.470 I/ALSAModule(155): Buffer size: 2400, chunk 4800, latency 54421
04-20 19:03:49.470 I/ALSAModule(155): Initialized ALSA PLAYBACK device default
04-20 19:03:49.470 E/AudioHardwareALSA(155): RE-OPEN AFTER STANDBY:: took 113 msecs
04-20 19:03:49.500 W/InputManagerService(221): Window already focused, ignoring focus gain of: com.android.internal.view.IInputMethodClient$Stub$Proxy@2bec6328
04-20 19:03:49.610 D/memalloc(152): /dev/pmem: Freeing buffer base:0x2dc86000 size:3014656 offset:19005440 fd:43
04-20 19:03:52.670 I/ALSAModule(155): ALSA Module: closing down output device

Just taking a wild guess here but it might be this:

04-20 19:01:00.549 I/ALSAModule(155): ALSA Module: closing down output device