Comment 7 for bug 961133

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Paolo Pisati (p-pisati) wrote : Re: Ubuntu Desktop ARM Images do not boot on my Pandaboard

as of today (21th March 2012), the desktop preinstalled omap4 image work in mu panda A1:

http://cdimage.ubuntu.com/daily-preinstalled/current/precise-preinstalled-desktop-armhf+omap4.img.gz

zcat Downloads/precise-preinstalled-desktop-armhf+omap4.img.gz | sudo dd of=/dev/sdX bs=4M

where X is you device letter.
Put the resulting sd card in the panda sd slot, power the board, follow the installation procedure and you are done.