2013-07-16 03:39:45.269723 Outgoing connection to peer yyy:9333 established. p2pool version: 1100 '11.2-2-g77e7e2a'
2013-07-16 03:39:45.293332 Sending 1 shares to yyy:9333
2013-07-16 03:39:45.588460 Peer sent entire transaction 5cec85ad41343616556270deb9cf077b2778d09e7a7fa89399878b268a04b859 that was already received
2013-07-16 03:39:46.976918 P2Pool: 17361 shares in chain (17365 verified/17365 total) Peers: 52 (5 incoming)
2013-07-16 03:39:46.977012 Local: 3092MH/s in last 10.0 minutes Local dead on arrival: ~0.0% (0-3%) Expected time to share: 3.9 hours
2013-07-16 03:39:46.977042 Shares: 1 (0 orphan, 0 dead) Stale rate: ~0.0% (0-80%) Efficiency: ~115.8% (23-116%) Current payout: 0.0476 BTC
2013-07-16 03:39:46.977085 Pool: 1430GH/s Stale rate: 13.7% Expected time to block: 21.8 hours
2013-07-16 03:39:47.896146 Peer sent entire transaction 3a1ddd2765944793edeb4dcd2a7be61685eaff0dd856808495f1feec18b5cfd1 that was already received
2013-07-16 03:39:47.929178 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:49.044352 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:50.181537 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:51.003735 Lost peer yyy:9333 - Connection was closed cleanly.
2013-07-16 03:39:51.193368 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:51.979040 P2Pool: 17361 shares in chain (17365 verified/17369 total) Peers: 51 (5 incoming)
2013-07-16 03:39:51.979116 Local: 3092MH/s in last 10.0 minutes Local dead on arrival: ~0.0% (0-3%) Expected time to share: 3.9 hours
2013-07-16 03:39:51.979142 Shares: 1 (0 orphan, 0 dead) Stale rate: ~0.0% (0-80%) Efficiency: ~115.8% (23-116%) Current payout: 0.0476 BTC
2013-07-16 03:39:51.979185 Pool: 1430GH/s Stale rate: 13.7% Expected time to block: 21.8 hours
2013-07-16 03:39:52.250956 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:52.330319 Outgoing connection to peer xxx:9333 established. p2pool version: 1300 '13.1'
2013-07-16 03:39:53.253498 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:54.302421 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:55.350654 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:56.113690 Peer sent entire transaction 1db1ea7ae3fbc593ed7ec8870f9c8eb1e288187ebe06733a04711863b1496c9c that was already received
2013-07-16 03:39:56.353611 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:56.980966 P2Pool: 17361 shares in chain (17365 verified/17369 total) Peers: 52 (5 incoming)
2013-07-16 03:39:56.981065 Local: 3113MH/s in last 10.0 minutes Local dead on arrival: ~0.0% (0-3%) Expected time to share: 3.8 hours
2013-07-16 03:39:56.981103 Shares: 1 (0 orphan, 0 dead) Stale rate: ~0.0% (0-80%) Efficiency: ~115.8% (23-116%) Current payout: 0.0476 BTC
2013-07-16 03:39:56.981148 Pool: 1430GH/s Stale rate: 13.7% Expected time to block: 21.8 hours
2013-07-16 03:39:57.499440 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:58.566415 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:59.616476 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:39:59.918335 Peer sent entire transaction 94c173ddf90264783b365ffc3c53dab4460adf003e561c96cebdc16ac5c1fd82 that was already received
2013-07-16 03:40:00.756978 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:02.020405 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:03.151937 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:04.282765 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:05.831979 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:06.943620 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:07.963221 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:08.241483 Peer sent entire transaction 8d4f2a7d7e3e4de991457d64d04c3cca0978854a9a0e77fac447d138d32b15d2 that was already received
2013-07-16 03:40:08.666502 Peer sent entire transaction 8d4f2a7d7e3e4de991457d64d04c3cca0978854a9a0e77fac447d138d32b15d2 that was already received
2013-07-16 03:40:09.059578 Requesting parent share fe187110 from xxx:10333
2013-07-16 03:40:10.190767 Requesting parent share fe187110 from xxx:9333
2013-07-16 03:40:11.309127 Requesting parent share fe187110 from xxx:10333
2013-07-16 03:40:11.998290 P2Pool: 17361 shares in chain (17365 verified/17369 total) Peers: 52 (5 incoming)
2013-07-16 03:40:11.998374 Local: 3092MH/s in last 10.0 minutes Local dead on arrival: ~0.0% (0-3%) Expected time to share: 3.9 hours
2013-07-16 03:40:11.998399 Shares: 1 (0 orphan, 0 dead) Stale rate: ~0.0% (0-80%) Efficiency: ~115.8% (23-116%) Current payout: 0.0476 BTC
2013-07-16 03:40:11.998434 Pool: 1430GH/s Stale rate: 13.7% Expected time to block: 21.8 hours
2013-07-16 03:46:55.207707 Skipping from block 43c3ddc118875cfd31e2a952fbde35a592b00e1dad2f44aba9 to block 61eddb9d93ce3a4d81b254949333e19e01a2e36591c80e077d!
^^ is when it finally stopped. It's not a huge deal, except maybe if some of the peers I'm connected to are bandwidth starved, i.e.
http://nogleg.com:9332/static/graphs.html?Daythe 'Traffic Rate' graph
This is output of listtransactions
10:46:20

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maybe you're on the p2pool fork that's at like 60ghash or w/e?