I am also getting no sound in Gutsy Beta with this sound card.  alsamixer has three channels: master, caller-ID and off-hook.

The snd_hda_intel module is loaded.

jeremy@sabocat:~$ aplay --list-devices
**** List of PLAYBACK Hardware Devices ****
card 0: Intel [HDA Intel], device 0: HDA Generic [HDA Generic]
  Subdevices: 1/1
  Subdevice #0: subdevice #0
card 0: Intel [HDA Intel], device 6: Si3054 Modem [Si3054 Modem]
  Subdevices: 1/1

jeremy@sabocat:~$ modinfo snd-hda-intel
filename:       /lib/modules/2.6.22-12-generic/ubuntu/media/snd-hda-intel/snd-hda-intel.ko
description:    Intel HDA driver
license:        GPL
srcversion:     E3CC24673777E5B995F4ADF
alias:          pci:v000010DEd0000055Dsv*sd*bc*sc*i*
alias:          pci:v000010DEd0000055Csv*sd*bc*sc*i*
alias:          pci:v000010DEd0000044Bsv*sd*bc*sc*i*
alias:          pci:v000010DEd0000044Asv*sd*bc*sc*i*
alias:          pci:v000010DEd000003F0sv*sd*bc*sc*i*
alias:          pci:v000010DEd000003E4sv*sd*bc*sc*i*
alias:          pci:v000010DEd00000371sv*sd*bc*sc*i*
alias:          pci:v000010DEd0000026Csv*sd*bc*sc*i*
alias:          pci:v000010B9d00005461sv*sd*bc*sc*i*
alias:          pci:v00001039d00007502sv*sd*bc*sc*i*
alias:          pci:v00001106d00003288sv*sd*bc*sc*i*
alias:          pci:v00001002d0000AA00sv*sd*bc*sc*i*
alias:          pci:v00001002d0000960Csv*sd*bc*sc*i*
alias:          pci:v00001002d00007919sv*sd*bc*sc*i*
alias:          pci:v00001002d0000793Bsv*sd*bc*sc*i*
alias:          pci:v00001002d00004383sv*sd*bc*sc*i*
alias:          pci:v00001002d0000437Bsv*sd*bc*sc*i*
alias:          pci:v00008086d0000811Bsv*sd*bc*sc*i*
alias:          pci:v00008086d0000293Fsv*sd*bc*sc*i*
alias:          pci:v00008086d0000293Esv*sd*bc*sc*i*
alias:          pci:v00008086d0000284Bsv*sd*bc*sc*i*
alias:          pci:v00008086d0000269Asv*sd*bc*sc*i*
alias:          pci:v00008086d000027D8sv*sd*bc*sc*i*
alias:          pci:v00008086d00002668sv*sd*bc*sc*i*
depends:        snd-pcm,snd-page-alloc,snd
vermagic:       2.6.22-12-generic SMP mod_unload 586 
parm:           index:Index value for Intel HD audio interface. (int)
parm:           id:ID string for Intel HD audio interface. (charp)
parm:           model:Use the given board model. (charp)
parm:           position_fix:Fix DMA pointer (0 = auto, 1 = none, 2 = POSBUF, 3 = FIFO size). (int)
parm:           probe_mask:Bitmask to probe codecs (default = -1). (int)
parm:           single_cmd:Use single command to communicate with codecs (for debugging only). (bool)
parm:           enable_msi:Enable Message Signaled Interrupt (MSI) (int)
parm:           enable:bool

jeremy@sabocat:~$ lspci
00:00.0 Host bridge: Intel Corporation Mobile PM965/GM965/GL960 Memory Controller Hub (rev 0c)
00:02.0 VGA compatible controller: Intel Corporation Mobile GM965/GL960 Integrated Graphics Controller (rev 0c)
00:02.1 Display controller: Intel Corporation Mobile GM965/GL960 Integrated Graphics Controller (rev 0c)
00:1a.0 USB Controller: Intel Corporation 82801H (ICH8 Family) USB UHCI Contoller #4 (rev 03)
00:1a.1 USB Controller: Intel Corporation 82801H (ICH8 Family) USB UHCI Controller #5 (rev 03)
00:1a.7 USB Controller: Intel Corporation 82801H (ICH8 Family) USB2 EHCI Controller #2 (rev 03)
00:1b.0 Audio device: Intel Corporation 82801H (ICH8 Family) HD Audio Controller (rev 03)
00:1c.0 PCI bridge: Intel Corporation 82801H (ICH8 Family) PCI Express Port 1 (rev 03)
00:1c.1 PCI bridge: Intel Corporation 82801H (ICH8 Family) PCI Express Port 2 (rev 03)
00:1c.5 PCI bridge: Intel Corporation 82801H (ICH8 Family) PCI Express Port 6 (rev 03)
00:1d.0 USB Controller: Intel Corporation 82801H (ICH8 Family) USB UHCI Controller #1 (rev 03)
00:1d.1 USB Controller: Intel Corporation 82801H (ICH8 Family) USB UHCI Controller #2 (rev 03)
00:1d.2 USB Controller: Intel Corporation 82801H (ICH8 Family) USB UHCI Controller #3 (rev 03)
00:1d.7 USB Controller: Intel Corporation 82801H (ICH8 Family) USB2 EHCI Controller #1 (rev 03)
00:1e.0 PCI bridge: Intel Corporation 82801 Mobile PCI Bridge (rev f3)
00:1f.0 ISA bridge: Intel Corporation 82801HEM (ICH8M) LPC Interface Controller (rev 03)
00:1f.1 IDE interface: Intel Corporation 82801HBM/HEM (ICH8M/ICH8M-E) IDE Controller (rev 03)
00:1f.2 SATA controller: Intel Corporation 82801HBM/HEM (ICH8M/ICH8M-E) SATA AHCI Controller (rev 03)
00:1f.3 SMBus: Intel Corporation 82801H (ICH8 Family) SMBus Controller (rev 03)
02:00.0 Network controller: Intel Corporation PRO/Wireless 4965 AG or AGN Network Connection (rev 61)
06:00.0 Ethernet controller: Realtek Semiconductor Co., Ltd. RTL8101E PCI Express Fast Ethernet controller (rev 01)
07:09.0 FireWire (IEEE 1394): Ricoh Co Ltd R5C832 IEEE 1394 Controller (rev 05)
07:09.1 Generic system peripheral [0805]: Ricoh Co Ltd R5C822 SD/SDIO/MMC/MS/MSPro Host Adapter (rev 22)
07:09.2 System peripheral: Ricoh Co Ltd R5C843 MMC Host Controller (rev 12)
07:09.3 System peripheral: Ricoh Co Ltd R5C592 Memory Stick Bus Host Adapter (rev 12)
07:09.4 System peripheral: Ricoh Co Ltd xD-Picture Card Controller (rev 12)

jeremy@sabocat:~$ cat /proc/modules
battery 11012 0 - Live 0xf8baf000
ac 6148 0 - Live 0xf8849000
thermal 14344 0 - Live 0xf8bbd000
fan 5764 0 - Live 0xf8875000
button 8976 0 - Live 0xf8bb3000
iwl4965 101480 0 - Live 0xf8bd2000
iwlwifi_mac80211 175112 1 iwl4965, Live 0xf8f81000
cfg80211 7304 1 iwlwifi_mac80211, Live 0xf89f1000
r8169 32392 0 - Live 0xf88c7000
aes 28608 2 - Live 0xf8edd000
af_packet 24840 4 - Live 0xf8ebf000
ipv6 274020 10 - Live 0xf9032000
i915 25728 2 - Live 0xf8c5c000
drm 83348 3 i915, Live 0xf8ec7000
rfcomm 42136 2 - Live 0xf8e98000
l2cap 26240 11 rfcomm, Live 0xf8e90000
ppdev 10244 0 - Live 0xf8c50000
acpi_cpufreq 10568 1 - Live 0xf8c4c000
cpufreq_ondemand 9612 1 - Live 0xf8c48000
cpufreq_powersave 2688 0 - Live 0xf88e7000
cpufreq_conservative 8072 0 - Live 0xf8c3d000
cpufreq_userspace 5280 0 - Live 0xf8c40000
cpufreq_stats 7232 0 - Live 0xf8ba1000
freq_table 5792 3 acpi_cpufreq,cpufreq_ondemand,cpufreq_stats, Live 0xf8c12000
dock 10656 0 - Live 0xf8c35000
container 5504 0 - Live 0xf8c0f000
video 18060 0 - Live 0xf8c2f000
sbs 19592 0 - Live 0xf8c17000
sbp2 24072 0 - Live 0xf8c28000
parport_pc 37412 0 - Live 0xf8c1d000
lp 12580 0 - Live 0xf8b9c000
parport 37448 3 ppdev,parport_pc,lp, Live 0xf8ba4000
joydev 11328 0 - Live 0xf8aa3000
arc4 2944 2 - Live 0xf8a81000
ecb 4608 2 - Live 0xf8af5000
blkcipher 7684 1 ecb, Live 0xf8af2000
snd_hda_intel 263712 2 - Live 0xf8c64000
snd_pcm_oss 44672 0 - Live 0xf8b8b000
snd_mixer_oss 17664 1 snd_pcm_oss, Live 0xf8ad6000
snd_pcm 80388 2 snd_hda_intel,snd_pcm_oss, Live 0xf8bfa000
snd_seq_dummy 4740 0 - Live 0xf8ad3000
snd_seq_oss 33152 0 - Live 0xf8b81000
snd_seq_midi 9600 0 - Live 0xf8ac0000
snd_rawmidi 25728 1 snd_seq_midi, Live 0xf8adc000
snd_seq_midi_event 8448 2 snd_seq_oss,snd_seq_midi, Live 0xf8abc000
snd_seq 53232 6 snd_seq_dummy,snd_seq_oss,snd_seq_midi,snd_seq_midi_event, Live 0xf8ae4000
sdhci 18828 0 - Live 0xf8ab6000
mmc_core 28420 1 sdhci, Live 0xf8a83000
uvcvideo 48644 0 - Live 0xf8ac6000
snd_timer 24324 2 snd_pcm,snd_seq, Live 0xf8a94000
snd_seq_device 9228 5 snd_seq_dummy,snd_seq_oss,snd_seq_midi,snd_rawmidi,snd_seq, Live 0xf89ed000
hci_usb 18332 2 - Live 0xf89fa000
bluetooth 57060 7 rfcomm,l2cap,hci_usb, Live 0xf8aa7000
compat_ioctl32 2304 1 uvcvideo, Live 0xf8986000
videodev 29312 1 uvcvideo, Live 0xf8a8b000
v4l1_compat 15364 2 uvcvideo,videodev, Live 0xf8974000
v4l2_common 18432 2 uvcvideo,videodev, Live 0xf89f4000
snd 54660 13 snd_hda_intel,snd_pcm_oss,snd_mixer_oss,snd_pcm,snd_seq_oss,snd_rawmidi,snd_seq,snd_timer,snd_seq_device, Live 0xf89b0000
soundcore 8800 1 snd, Live 0xf89ac000
serio_raw 8068 0 - Live 0xf8872000
psmouse 39952 0 - Live 0xf89e2000
snd_page_alloc 10888 2 snd_hda_intel,snd_pcm, Live 0xf8979000
intel_agp 25620 1 - Live 0xf897e000
agpgart 35016 3 drm,intel_agp, Live 0xf89a2000
shpchp 34580 0 - Live 0xf8998000
pci_hotplug 32704 1 shpchp, Live 0xf8958000
evdev 11136 6 - Live 0xf8954000
ext3 133768 2 - Live 0xf89c0000
jbd 60456 1 ext3, Live 0xf8988000
mbcache 9732 1 ext3, Live 0xf8882000
sd_mod 30336 4 - Live 0xf896b000
sg 36764 0 - Live 0xf8961000
sr_mod 17828 1 - Live 0xf88ee000
cdrom 37536 1 sr_mod, Live 0xf8898000
ata_piix 17540 1 - Live 0xf88e1000
ahci 23300 3 - Live 0xf88da000
ohci1394 36528 0 - Live 0xf88d0000
ieee1394 96312 2 sbp2,ohci1394, Live 0xf893b000
ata_generic 8452 0 - Live 0xf887a000
libata 124528 3 ata_piix,ahci,ata_generic, Live 0xf891b000
scsi_mod 147084 5 sbp2,sd_mod,sg,sr_mod,libata, Live 0xf88f6000
uhci_hcd 26640 0 - Live 0xf8890000
ehci_hcd 36108 0 - Live 0xf8886000
usbcore 138248 5 uvcvideo,hci_usb,uhci_hcd,ehci_hcd, Live 0xf88a4000
processor 31944 2 thermal,acpi_cpufreq, Live 0xf8857000
fuse 47124 1 - Live 0xf8830000
apparmor 40600 0 - Live 0xf883e000
commoncap 8320 1 apparmor, Live 0xf882c000