This is what mine looks like:
2/24/2012 3:03:47 PM | Poem@Home | work fetch resumed by user
2/24/2012 3:04:09 PM | Poem@Home | [sched_op] Starting scheduler request
2/24/2012 3:04:09 PM | Poem@Home | Sending scheduler request: To fetch work.
2/24/2012 3:04:09 PM | Poem@Home | Requesting new tasks for ATI
2/24/2012 3:04:09 PM | Poem@Home | [sched_op] CPU work request: 0.00 seconds; 0.00 devices
2/24/2012 3:04:09 PM | Poem@Home | [sched_op] ATI work request: 108879.81 seconds; 0.00 devices
2/24/2012 3:04:11 PM | Poem@Home | Scheduler request completed: got 0 new tasks
2/24/2012 3:04:11 PM | Poem@Home | [sched_op] Server version 701
2/24/2012 3:04:11 PM | Poem@Home | No tasks sent
2/24/2012 3:04:11 PM | Poem@Home | Project requested delay of 7 seconds
2/24/2012 3:04:11 PM | Poem@Home | [sched_op] Deferring communication for 7 sec
2/24/2012 3:04:11 PM | Poem@Home | [sched_op] Reason: requested by project
It may be that I have more stuff turned on in my cc_config.xml to show me that. In any case, why are you setting it to 2 min 7 sec? Set it to 0 min 9 seconds, or .15 minutes in BPU.