This is still present in 12.04. It's definitely an X bug as it is across other distros as well.
This report has a potential explanation and patch fix but I have no idea how to apply it to test: https://bugs.freedesktop.org/show_bug.cgi?id=18668 ** Bug watch added: freedesktop.org Bugzilla #18668 https://bugs.freedesktop.org/show_bug.cgi?id=18668 -- You received this bug notification because you are a member of Ubuntu-X, which is subscribed to xserver-xorg-input-evdev in Ubuntu. https://bugs.launchpad.net/bugs/749567 Title: Mouse cursor jumps and clicks randomly To manage notifications about this bug go to: https://bugs.launchpad.net/ubuntu/+source/xserver-xorg-input-evdev/+bug/749567/+subscriptions _______________________________________________ Mailing list: https://launchpad.net/~ubuntu-x-swat Post to : ubuntu-x-swat@lists.launchpad.net Unsubscribe : https://launchpad.net/~ubuntu-x-swat More help : https://help.launchpad.net/ListHelp