Did read, just wasn't expecting that behavior (noob thing on my part).
Anyways, here's what I get now...
(ttyC0)
# tail -f /var/log/messages &
(boot remnants)
(ttyC1)
# apmd -d
(silence)
(ttyC0)
Dec 11 22:34:00 imhotep apmd: battery status: unknown. external power
status: connected. estimated battery live 0%
# apm -S
System will enter standby mode momentarily. (blink)
# Dec 11 22:35:02 imhotep apmd: system resumed from APM sleep
apm -z
System will enter suspend mode momentarily. (blink)
# Dec 11 22:35:43 imhotep apmd: system resumed from APM sleep
_
Seems to me like something is waking it up as soon as it goes into sleep
mode. Could I have something in the BIOS messed up or otherwise causing
a wake-up signal too early?