I can confirm this bug and I think I have found two different types of its appearence.
I've had the ASUS 1215B now since two weeks. I'm running Ubuntu 11.10 on it.
Most of the times when I had put the laptop into a powersaving mode (hibernate or suspend), it would not wake up correctly.
The first type of the same behavior: looks like this: After pressing the suspend button, the screen turns black (off) but the cpu fan is still on. Nothing but taking the battery out for a couple of seconds will help to make the laptop power up normally again.
After having read a couple if entries in forums I disabled C6 Mode in the Bios settings. Currently I don't use hibernate, I want standby for a quicker wake up. To be honest I can't really say if disabling C6 has really helped a lot.
Still I get about 5-10 sucessful wakeups and then one buggy one.
The second type of what I believe has to do with the same bug is the laptop not powering up correctly after reboot or poweroff. I will power up the laptop, see the bios logo and then instead of seeing the ubuntu boot logo, there will be only a blinking cursor in the top left corner of the screen. In some another forum thread [[SOLVED] Asus 1215b - 11.04 installed but doesn't boot]("http://ubuntuforums.org/showthread.php?t=1809898") they suggest to reeinstall grub from a live usb stick. This is a solution, that I had used whenever this bug would appear to me (rarely). But as I found out yesterday taking out the battery for a couple of seconds helps, also.
It could be coincidence, but what is it with the Asus 1215B and taking out the battery? What is it forgetting?
Maybe somebody could verify this? And maybe we could try to find a way to provoke the appearence of the bug all the time. (I noticed something very strange happening everytime I set off /etc/init.de/networking stop).