Quote:
If you are using system level Truecrypt encryption of the whole of the hard disk, I don't think there is any mechanism for a keylogger to be active at that point, mainly because you have only just jumped from the BIOS into the password prompt issued by the Truecrypt Boot Loader.
As the OP mentioned the use of auto-mount I assumed he was not using whole disk encryption. There are cases in which a user wants to encrypt a partition or file container separate from their operating system, that way the computer is functional while more private data is stored safely away.
Although for my laptop a yubikey with a static password and full disk encryption would be great... and this thread prompted me to read more about the issue and realize that the performance impact isn't as dramatic as I thought.