I'm seeing slightly different symptoms. My nm-applet reports that there
are no network devices and I can't enable networking. Sometimes it also
says that network-manager is not running. It started today and luckily I
still get Ethernet although wifi is completely down.

I don't see the extremely bad responsiveness though. I'm using Lubuntu
Precise.

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https://bugs.launchpad.net/bugs/956238

Title:
  network-manager is almost unusable since the latest update

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