Sadly, it seems I was just being hopeful for those wanting to use Ubuntu. I am not sure what it is in Ubuntu 12.04 but I tried Kubuntu 12.04 and it ran with similar issues as to what it used to have. That is, more heat production than normal and only 5 steps of brightness compared to the proper 10.
In Fedora I do not get these issues, which likely has to do with versions of mesa and Xorg, along with kernel versions and/or patches. Whatever it is, Fedora runs better on it due to those issues.
That said, using KDE over Gnome 3 is an obvious confound in the comparison, although in fairness I was using KDE with no effects on verus Gnome 3 standard (which always has effects). Thus I am not sure if KDE was still the culprit of the power consumption issue or something in Ubuntu 12.04.
As for the networking, the freezing decided to show its ugly head when I connected to a network using enterprise security requiring a login. However, it did and does not freeze while connecting to my home network. I have re-enabled the bios work-around for now which does work on my particular Aspire One, but hopefully this is sorted in the future.
That said, this will all depend on what comes in your Aspire One 722. You could try Fedora 16 and see how that goes since my results have been best with it, but then again you may have different hardware since you bought it much later than I. ;x
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