No,
I tried 13.10 64-bit and there was the same issue.
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https://bugs.launchpad.net/bugs/1159959
Title:
Cursor moves with "Disable touchpad while typing"
apport information
** Tags added: apport-collected precise
** Description changed:
When we enable "Disable touchpad while typing" in System Setting -> Mouse And
Touchpad -> touchpad.
it hasn't any effect, and my touchpad would not disabled while I am typing.
+ ---
+ ApportVersion: 2.0.1-0u