Since the Ubuntu package does not have any changes from the Debian one, texlive 2011 will make it into Ubuntu 12.10 without a problem.
Because texlive is an important package (quite a few other packages need it to build documentation against) and this is an LTS cycle with a focus on not breaking things, I will wait until texlive 2011 enters Debian testing before submitting the Feature Freeze Exception required to see about getting approval for this to happen for Ubuntu 12.04.
Since the Ubuntu package does not have any changes from the Debian one, texlive 2011 will make it into Ubuntu 12.10 without a problem.
Because texlive is an important package (quite a few other packages need it to build documentation against) and this is an LTS cycle with a focus on not breaking things, I will wait until texlive 2011 enters Debian testing before submitting the Feature Freeze Exception required to see about getting approval for this to happen for Ubuntu 12.04.