The install went smoothly and only took about 15 minutes. I decided to keep Windows 7 and dual boot into Ubuntu. The only change from the default install that I made was to make the Ubuntu partition a little larger then the Windows 7 partition. Windows 7 is OK, but the pre-installed antivirus software annoyed me when it asked to me to re-boot my computer, right when I was on a roll in getting some real work done. This is just the sort of thing that always irked me when using Windows in the past, when third party software wants to reboot your machine, while you are in the middle of getting some work done. So, now Windows 7 is treading on thin ice and may still yet get wiped off this little netbook.
Everything else seems to be working OK. There is a known SD card issue, and I have not tried out the microphone. That should be an issue too. The sleep works fine while depressing Fn-F4. The wireless works OK out of the box, but it does seem to drop out randomly, then reconnect. The hot-key to turn it on and off does not work. You can turn wireless on and off manually, though.
If I could get these few little annoyances fixed, then it will be hasta-la-vista Windows 7.