Once had installed lubuntu-desktop to my Ubuntu 10.04 AMD64 system, acquired the same problem; however, creating ~/.config/lxde solved only the issue of SAVING the VALUES, but they didn't actually affect the sensitivity and acceleration, only the button swap (with lxinput 0.3.1 from Precise installed, didn't check the swap with the original package).
Once had installed lubuntu-desktop to my Ubuntu 10.04 AMD64 system, acquired the same problem; however, creating ~/.config/lxde solved only the issue of SAVING the VALUES, but they didn't actually affect the sensitivity and acceleration, only the button swap (with lxinput 0.3.1 from Precise installed, didn't check the swap with the original package).