The bug is still present, I've just spent an afternoon trying to fix it
(on Arch Linux, but it's the same bug in the driver).

A little HOWTO how to fix it here: 
https://bbs.archlinux.org/viewtopic.php?pid=1551149#p1551149
(with modprobe and mkinitcpio). 

Just for Googlers' reference. Hope it helps someone.

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https://bugs.launchpad.net/bugs/1003297

Title:
  10de:03ef [ASRock N68-VS3 FX] Networking and ACPI conflicts

Status in linux package in Ubuntu:
  Expired

Bug description:
  The Linux kernal seems to have an issue with my on-board networking
  adapter and the ACPI of my computer.  The boot log provides this bit
  of information:

  [   12.236250] ACPI: resource nForce2_smbus [io  0x0700-0x073f]
  conflicts with ACPI region SM00 [io 0x700-0x73f]

  On doing some research this seems to be a very old and somewhat common
  bug that no one has ever done anything about.

  This bug results in two things:

  My on-board networking doesn't work, and trying to restart or shutdown
  the computer freezes the system.

  With the previous 12.04 kernel, 3.2.0-23.36, there were two
  workarounds.

  1)  Boot into rescue mode, drop to the terminal, run "rmmod forcedeth"
  then "modprobe forcedeth msi=0 msix=0" then resume a normal boot.
  This enabled both networking and regular ACPI functions.

  or

  2)  Add "forcedeth msi=0 msix=0" to /etc/modules

  If you booted normally without following either of the above steps and
  then tried to modprobe, it wouldn't work.  If you tried to rmmod the
  module, the system would instantly freeze.

  With the new kernel update, 3.2.0-24.38, the above method number 1
  still works, but number 2 no longer works as a workaround.  It simply
  doesn't do anything.

  The replacement work around for the new kernel is you must add the
  line "exec rmmod forcedeth" directly underneath the beginning of the
  script section in the file /etc/init/module-init-tools.conf, then you
  must add "modprobe forcedeth msi=0 msix=0" to /etc/rc.local.  This new
  method doesn't work with the old kernel, and the old method doesn't
  work with the new kernel.

  I fear unless this long-standing bug is fixed once and for all so such
  hoops don't have to be jumped through, at one point the kernel may
  receive some update to where no method will be able to get this to
  work at all.

  For the record, none of the various GRUB tweaks, such as acpi=off or
  acpi=force, did anything.

  ProblemType: Bug
  DistroRelease: Ubuntu 12.04
  Package: linux-image-3.2.0-24-generic 3.2.0-24.38
  ProcVersionSignature: Ubuntu 3.2.0-24.38-generic 3.2.16
  Uname: Linux 3.2.0-24-generic x86_64
  NonfreeKernelModules: fglrx
  AlsaVersion: Advanced Linux Sound Architecture Driver Version 1.0.24.
  ApportVersion: 2.0.1-0ubuntu7
  Architecture: amd64
  ArecordDevices:
   **** List of CAPTURE Hardware Devices ****
   card 0: NVidia [HDA NVidia], device 0: VT1705 Analog [VT1705 Analog]
     Subdevices: 2/2
     Subdevice #0: subdevice #0
     Subdevice #1: subdevice #1
  AudioDevicesInUse:
   USER        PID ACCESS COMMAND
   /dev/snd/controlC1:  beardo     1765 F.... pulseaudio
   /dev/snd/controlC0:  beardo     1765 F.... pulseaudio
  CRDA: Error: command ['iw', 'reg', 'get'] failed with exit code 1: nl80211 
not found.
  Card0.Amixer.info:
   Card hw:0 'NVidia'/'HDA NVidia at 0xfeaf8000 irq 22'
     Mixer name : 'VIA VT1705'
     Components : 'HDA:11064397,18490397,00100000'
     Controls      : 37
     Simple ctrls  : 20
  Card1.Amixer.info:
   Card hw:1 'Generic'/'HD-Audio Generic at 0xfebbc000 irq 43'
     Mixer name : 'ATI R6xx HDMI'
     Components : 'HDA:1002aa01,00aa0100,00100200'
     Controls      : 6
     Simple ctrls  : 1
  Card1.Amixer.values:
   Simple mixer control 'IEC958',0
     Capabilities: pswitch pswitch-joined penum
     Playback channels: Mono
     Mono: Playback [on]
  Date: Wed May 23 01:11:42 2012
  HibernationDevice: RESUME=UUID=8e8558a6-69ba-4a78-80d6-4c2306bf4202
  InstallationMedia: Ubuntu 12.04 LTS "Precise Pangolin" - Release amd64 
(20120425)
  IwConfig:
   lo        no wireless extensions.
   
   eth0      no wireless extensions.
  Lsusb:
   Bus 001 Device 001: ID 1d6b:0002 Linux Foundation 2.0 root hub
   Bus 002 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
   Bus 001 Device 003: ID 058f:6366 Alcor Micro Corp. Multi Flash Reader
   Bus 002 Device 002: ID 046d:c05a Logitech, Inc. Optical Mouse M90
  MachineType: To Be Filled By O.E.M. To Be Filled By O.E.M.
  ProcEnviron:
   TERM=xterm
   PATH=(custom, no user)
   LANG=en_US.UTF-8
   SHELL=/bin/bash
  ProcFB:
   
  ProcKernelCmdLine: BOOT_IMAGE=/boot/vmlinuz-3.2.0-24-generic 
root=UUID=DC70C31070C2F076 loop=/hostname/disks/root.disk ro
  PulseList:
   Error: command ['pacmd', 'list'] failed with exit code 1: Home directory 
/home/beardo not ours.
   No PulseAudio daemon running, or not running as session daemon.
  RelatedPackageVersions:
   linux-restricted-modules-3.2.0-24-generic N/A
   linux-backports-modules-3.2.0-24-generic  N/A
   linux-firmware                            1.79
  RfKill:
   
  SourcePackage: linux
  UpgradeStatus: No upgrade log present (probably fresh install)
  dmi.bios.date: 10/07/2011
  dmi.bios.vendor: American Megatrends Inc.
  dmi.bios.version: P1.20
  dmi.board.name: N68-VS3 FX
  dmi.board.vendor: ASRock
  dmi.chassis.asset.tag: To Be Filled By O.E.M.
  dmi.chassis.type: 3
  dmi.chassis.vendor: To Be Filled By O.E.M.
  dmi.chassis.version: To Be Filled By O.E.M.
  dmi.modalias: 
dmi:bvnAmericanMegatrendsInc.:bvrP1.20:bd10/07/2011:svnToBeFilledByO.E.M.:pnToBeFilledByO.E.M.:pvrToBeFilledByO.E.M.:rvnASRock:rnN68-VS3FX:rvr:cvnToBeFilledByO.E.M.:ct3:cvrToBeFilledByO.E.M.:
  dmi.product.name: To Be Filled By O.E.M.
  dmi.product.version: To Be Filled By O.E.M.
  dmi.sys.vendor: To Be Filled By O.E.M.

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