Thanks for the alsamixer pointer, this doesn't seem to be bug at all. Sliders are controlling the correct channels, it's just the dialog that's little bit confusing. In recording tab, PCM is for PCM output channel and Capture is for PCM Capture channel.
-- [feisty] volume-control: capture tab muting wrong PCM stream? https://launchpad.net/bugs/75787 -- desktop-bugs mailing list desktop-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/desktop-bugs