Whether you've upgraded your SD14's firmware to support 120 Second exposures or not, the short exposure time, 30 or 120 seconds is not a problem.
Many astro-photographers, from amateur to professional have turned to a technique of combining multiple images as a means to reduce noise and increase image quality. Referred to as image stacking, the idea is to align and combine multiple images so that the random thermal noise cancels out. I have also seen examples of large astronomical observatories aiming their cameras onto a uniformly pure grey region of the dome's interior to measure a base line of each pixel element in the imager chip. This base line is then used to compensate for hot pixels and to enhance weak pixels.
Here is also a free software package, RegiStax, to align and stack images:
http://www.astronomie.be/registax/index.html
Here is an example of what enhancements can be achieved from the RegiStax web site:
http://www.astronomie.be/registax/html/multipoint_alignment2.html
Another example of a image stacking program is Startrails:
http://www.startrails.de/html/software.html
Here is something that I found, by searching on google, to add to this post to demonstrate what imaging stacking can do. The link:
http://forums.dpreview.com/forums/read.asp?forum=1019&message=29727985
Shows the results of stacking 35 images taken with a EOS 50D with a Canon 100-400mm set to 400mm, each exposure being just 1 Second. The page does show the results of the 35 frames stacked and an example of a single frame to show how the image was captured.
I personally have not yet gotten around to my own astrophotography with my SD14, mainly because I have yet to either find or design my own interval timer to automatically shoot a series of images. I will be posting my results when I have them.
Finally, here is a link for a multitude of astrophotography resources which may help:
http://www.eaas.co.uk/news/astrophotography_resources.html
I've noted that there is little to no mention of the SD14 in astrophotography applications, so fellow amateur astronomers here should speak up about their efforts.