I have also such a problem, NetworkManager taking 100% CPU all the time,
making it impossible to do CPU-intensive tasks like compiling. I can
access the wired only after choosing manual configuration in the left-
click menu of the NM tray applet and setting the wired network to
DHCP/automatic there.

Gutsy can really not get released this way.

My current /etc/network/interfaces file:

----------
auto lo
iface lo inet loopback


iface eth0 inet dhcp
address 192.168.1.65
netmask 255.255.255.0
gateway 192.168.1.254


auto eth0

----------

Strange is that my wireless card (eth1) does not appear here.

** Changed in: network-manager (Ubuntu)
   Importance: Undecided => Critical
       Target: None => ubuntu-7.10-rc

-- 
no network with dhcp set up
https://bugs.launchpad.net/bugs/121566
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