I can reproduce this problem with 7.10 installed on my notebook. eth0 (in my
case) just doesn't come up. a simple
$ sudo ifup eth0
is enough to make it work with a static ip.
** Changed in: gnome-system-tools (Ubuntu)
Status: New => Confirmed
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Static network settings while in livecd do not take effect without complete
restart of network setting tool and re-assertion of the device checkbox
https://bugs.launchpad.net/bugs/148606
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