That actually helps.
Talking from years of experience doing Android development, where in the early days (and still on some projects) you would have +5 minute rebuild time, and it's supper annoying to check minor things. Having more logs actually helped it seem faster, even tho it wouldn't be, but also you could know where you are stuck and why, which helps identify bottlenecks in build processes.
Sometimes it would be enough to just google what the long task does and see "oh wait I don't actually need that step for my daily development" (e.g. resource crunching, crash reporting initalization etc) or point you in the direction of "why isn't this caching itself".
Quite a useful thing, and should be available as an option at least. In a REPL it might be context noise, but should still be there as a --verbose option.