It works for me with the latest compiz in feisty (1:0.3.6-1ubuntu3) and compiz uses indirect rendering automatically. My terminals are also updating now.
compiz.real: GLX_EXT_texture_from_pixmap is not supported by direct rendering context, trying indirect rendering context instead -- Some windows are empty https://launchpad.net/bugs/82999 -- ubuntu-bugs mailing list ubuntu-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs
