I had Lubuntu 12.04 installed and I installed the Studio meta packages following this guide.
It all went fine and without a hitch. Going through the rest of the procedure, it seemed that all I needed to do is to include my user in the audio and video groups. All the rest of the instructions seemed to have been for older versions and was not necessary to do in 12.04.
Basic testing seems to go well and I have no problems, I'd just like to make sure I'm not missing something obvious.