I updated to kernel 3.4.6 (from quantal repository) and seems to fix this issue, top shows me high idle and low load.
$ uname -a Kernel Linux envy 3.4.6-030406-generic #201207191609 SMP Thu Jul 19 20:11:13 UTC 2012 x86_64 x86_64 x86_64 GNU/Linux -- You received this bug notification because you are a member of Ubuntu Bugs, which is subscribed to Ubuntu. https://bugs.launchpad.net/bugs/995284 Title: High idle load on 64bit Ubuntu 12.04 with 3.2.0-24-generic kernel To manage notifications about this bug go to: https://bugs.launchpad.net/ubuntu/+source/linux/+bug/995284/+subscriptions -- ubuntu-bugs mailing list ubuntu-bugs@lists.ubuntu.com https://lists.ubuntu.com/mailman/listinfo/ubuntu-bugs