I also ran into this. Your assessment seems correct.
As a temporary stop gap, you can configure the following in
network/interfaces:
iface bond0 inet dhcp
pre-up modprobe bonding
pre-up ifconfig bond0 down || exit 0
pre-up ifenslave -d bond0 eth0 || exit 0
pre-up ifenslave -d bond0 eth1 || exit 0
pre-up ifconfig bond0 up
pre-up ifenslave bond0 eth0 eth1
post-down ifconfig bond0 down
This is basically just doing the work that enslave's ifup/down plugins
should do, on your own.
** Changed in: ifupdown (Ubuntu)
Status: Unconfirmed => Confirmed
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Bonded interfaces donlt seem to work with DHCP
https://launchpad.net/bugs/63988
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