I too can confirm this bug with 12.04 on a Dell XPS 15Z with Cypress trackpad:

xinput --list

⎡ Virtual core pointer                    	id=2	[master pointer  (3)]
⎜   ↳ Virtual core XTEST pointer              	id=4	[slave  pointer  (2)]
⎜   ↳ ImPS/2 Generic Wheel Mouse              	id=15	[slave  pointer  (2)]
⎣ Virtual core keyboard                   	id=3	[master keyboard (2)]
    ↳ Virtual core XTEST keyboard             	id=5	[slave  keyboard (3)]
    ↳ Power Button                            	id=6	[slave  keyboard (3)]
    ↳ Video Bus                               	id=7	[slave  keyboard (3)]
    ↳ Video Bus                               	id=8	[slave  keyboard (3)]
    ↳ Power Button                            	id=9	[slave  keyboard (3)]
    ↳ Sleep Button                            	id=10	[slave  keyboard (3)]
    ↳ Laptop_Integrated_Webcam_2HDM           	id=11	[slave  keyboard (3)]
    ↳ AT Translated Set 2 keyboard            	id=14	[slave  keyboard (3)]
    ↳ Dell WMI hotkeys                        	id=16	[slave  keyboard (3)]

cat /proc/bus/input/devices

I: Bus=0019 Vendor=0000 Product=0001 Version=0000
N: Name="Power Button"
P: Phys=PNP0C0C/button/input0
S: Sysfs=/devices/LNXSYSTM:00/device:00/PNP0C0C:00/input/input0
U: Uniq=
H: Handlers=kbd event0 
B: PROP=0
B: EV=3
B: KEY=10000000000000 0

I: Bus=0019 Vendor=0000 Product=0003 Version=0000
N: Name="Sleep Button"
P: Phys=PNP0C0E/button/input0
S: Sysfs=/devices/LNXSYSTM:00/device:00/PNP0C0E:00/input/input1
U: Uniq=
H: Handlers=kbd event1 
B: PROP=0
B: EV=3
B: KEY=4000 0 0

I: Bus=0019 Vendor=0000 Product=0005 Version=0000
N: Name="Lid Switch"
P: Phys=PNP0C0D/button/input0
S: Sysfs=/devices/LNXSYSTM:00/device:00/PNP0C0D:00/input/input2
U: Uniq=
H: Handlers=event2 
B: PROP=0
B: EV=21
B: SW=1

I: Bus=0019 Vendor=0000 Product=0001 Version=0000
N: Name="Power Button"
P: Phys=LNXPWRBN/button/input0
S: Sysfs=/devices/LNXSYSTM:00/LNXPWRBN:00/input/input3
U: Uniq=
H: Handlers=kbd event3 
B: PROP=0
B: EV=3
B: KEY=10000000000000 0

I: Bus=0011 Vendor=0001 Product=0001 Version=ab41
N: Name="AT Translated Set 2 keyboard"
P: Phys=isa0060/serio0/input0
S: Sysfs=/devices/platform/i8042/serio0/input/input4
U: Uniq=
H: Handlers=sysrq kbd event4 
B: PROP=0
B: EV=120013
B: KEY=1100f02902002 8380307cf910f001 feffffdfffefffff fffffffffffffffe
B: MSC=10
B: LED=7

I: Bus=0019 Vendor=0000 Product=0000 Version=0000
N: Name="Dell WMI hotkeys"
P: Phys=wmi/input0
S: Sysfs=/devices/virtual/input/input6
U: Uniq=
H: Handlers=rfkill kbd event6 
B: PROP=0
B: EV=13
B: KEY=1500b00000000 200300000 0 0
B: MSC=10

I: Bus=0003 Vendor=0c45 Product=642a Version=1303
N: Name="Laptop_Integrated_Webcam_2HDM"
P: Phys=usb-0000:00:1a.0-1.4/button
S: Sysfs=/devices/pci0000:00/0000:00:1a.0/usb1/1-1/1-1.4/1-1.4:1.0/input/input8
U: Uniq=
H: Handlers=kbd event8 
B: PROP=0
B: EV=3
B: KEY=100000 0 0 0

I: Bus=0019 Vendor=0000 Product=0006 Version=0000
N: Name="Video Bus"
P: Phys=LNXVIDEO/video/input0
S: Sysfs=/devices/LNXSYSTM:00/device:00/PNP0A08:00/device:2d/LNXVIDEO:00/input/input9
U: Uniq=
H: Handlers=kbd event9 
B: PROP=0
B: EV=3
B: KEY=3e000b00000000 0 0 0

I: Bus=0019 Vendor=0000 Product=0006 Version=0000
N: Name="Video Bus"
P: Phys=LNXVIDEO/video/input0
S: Sysfs=/devices/LNXSYSTM:00/device:00/PNP0A08:00/LNXVIDEO:01/input/input10
U: Uniq=
H: Handlers=kbd event10 
B: PROP=0
B: EV=3
B: KEY=3e000b00000000 0 0 0

I: Bus=0011 Vendor=0002 Product=0005 Version=0000
N: Name="ImPS/2 Generic Wheel Mouse"
P: Phys=isa0060/serio1/input0
S: Sysfs=/devices/platform/i8042/serio1/input/input11
U: Uniq=
H: Handlers=mouse1 event11 
B: PROP=0
B: EV=7
B: KEY=70000 0 0 0 0
B: REL=103

I: Bus=0000 Vendor=0000 Product=0000 Version=0000
N: Name="HDA Intel PCH HDMI/DP,pcm=3"
P: Phys=ALSA
S: Sysfs=/devices/pci0000:00/0000:00:1b.0/sound/card0/input12
U: Uniq=
H: Handlers=event12 
B: PROP=0
B: EV=21
B: SW=140

I: Bus=0000 Vendor=0000 Product=0000 Version=0000
N: Name="HDA Intel PCH Mic"
P: Phys=ALSA
S: Sysfs=/devices/pci0000:00/0000:00:1b.0/sound/card0/input13
U: Uniq=
H: Handlers=event13 
B: PROP=0
B: EV=21
B: SW=10

I: Bus=0000 Vendor=0000 Product=0000 Version=0000
N: Name="HDA Intel PCH Headphone"
P: Phys=ALSA
S: Sysfs=/devices/pci0000:00/0000:00:1b.0/sound/card0/input14
U: Uniq=
H: Handlers=event14 
B: PROP=0
B: EV=21
B: SW=4