Currently, only Radeon R500 and higher users will get kernel modesetting by default. There is work in progress to provide modesetting for R100 and R200. Additionally, Intel kernel modesetting drivers are in development, but not turned on by default.
I managed to get a pretty graphical boot from Plymouth only using
vga=0x318on grub line with Nvidia Geforce 7800GS using latest rawhide update (it already got Fedora 10 Beta). I don't know how to grab a screenshot from boot.