Hi,
As we have put IPS in Inline mode there can be 2 possibilities here :
1. Check the signatures and rules on the IPS whether it is allowing the OSPF hello packets to pass through in first place in between the Juniper Firewalls and the Cisco Routers..
2. Also, IPS devices are known to have latency through them..try increasing the OSPF timers to probably the default values on the Broadcast LAN interface and observe again..
As such there is no known issue with lower timer values in OSPF..
You can also try taking debug ip ospf outputs to check whether hello packets are actually received at either ends or at cisco routers end..
HTH
Akhil