If I had to wait 60 to 90 sec for something to work in a car, it would be a major deal breaker. Life is too short to have things that are badly engineered.
Compare waiting 60-90 seconds to paying for satellite radio. Sure, it's annoying, but at least it's not costing you money! I could be wrong, but I believe that Pandora can be played with bluetooth, so satellite radio isn't really needed! Those 60-90 seconds are saving you money!
It would be a deal breaker to me...I expect the audio system to work just like you so eloquently put it in situation #1. Anything else would irk the hell out of me.
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Oh, what is this "FM radio" you refer to?