This is what I put in each of the scripts:

#!/bin/sh
set -ev
/empeg/bin/telnetd

I still get the same messages at boot, the scripts still don't execute the bin's, and I still get:

! mp3_decoder.cpp :1049:Failed to find valid sync after seeking to offset 4319
751, error=0xc0044000

or something similar after rebooting and playing a song. It plays and will be fine until I reboot again, then i'll get the error. Not causing any problems other than my scripts not running.