Same problem here on the same Dell hardware
boot.log shows
udevd[402]: '/sbin/modprobe -bv 
pci:v00008086d0000277Csv00001028sd000001DEbc06sc00i00' [411] terminated by 
signal 11 (Segmentation fault)
I can see the call trace in dmesg similar to the one posted by Raymond

This results in syslog being flooded with messages (every second)
Dec  2 07:53:19 kaitain udevd[401]: timeout: killing '/sbin/modprobe -bv 
pci:v00008086d000027B8sv00000000sd00000000bc06sc01i00' [446]
Dec  2 07:53:19 kaitain udevd[400]: timeout: killing '/sbin/modprobe -bv 
pci:v00008086d000027D8sv00001028sd000001DEbc04sc03i00' [405]

If I boot from the 3.2.0 kernel I kept from 12.04, everything works fine

-- 
You received this bug notification because you are a member of Desktop
Packages, which is subscribed to alsa-driver in Ubuntu.
https://bugs.launchpad.net/bugs/1071001

Title:
  Sound Card not detected NM10/ICH7 Intel HDA Internal

Status in “alsa-driver” package in Ubuntu:
  Confirmed

Bug description:
  This worked fine in 10.10, I did a clean install of 12.10 and sound
  has not worked. Can't find any other bugs that help me fix or sort
  this problem. Sound Settings reports only "Dummy Output" in the output
  settings.

  Please let me know if any other info is required.

  ProblemType: Bug
  DistroRelease: Ubuntu 12.10
  Package: alsa-base 1.0.25+dfsg-0ubuntu3
  ProcVersionSignature: Ubuntu 3.5.0-17.28-generic 3.5.5
  Uname: Linux 3.5.0-17-generic i686
  NonfreeKernelModules: nvidia
  ApportVersion: 2.6.1-0ubuntu3
  Architecture: i386
  AudioDevicesInUse:
   USER        PID ACCESS COMMAND
   /dev/snd/controlC1:  andy       1655 F.... pulseaudio
  Date: Wed Oct 24 20:46:09 2012
  InstallationMedia: Ubuntu 12.10 "Quantal Quetzal" - Beta i386 (20121003)
  PackageArchitecture: all
  SourcePackage: alsa-driver
  Symptom: audio
  Title: PCI/internal sound card not detected
  UpgradeStatus: No upgrade log present (probably fresh install)
  dmi.bios.date: 05/19/2008
  dmi.bios.vendor: Dell Inc.
  dmi.bios.version: 2.6.0
  dmi.board.name: 0GH911
  dmi.board.vendor: Dell Inc.
  dmi.chassis.type: 7
  dmi.chassis.vendor: Dell Inc.
  dmi.modalias: 
dmi:bvnDellInc.:bvr2.6.0:bd05/19/2008:svnDellInc.:pnPrecisionWorkStation390:pvr:rvnDellInc.:rn0GH911:rvr:cvnDellInc.:ct7:cvr:
  dmi.product.name: Precision WorkStation 390
  dmi.sys.vendor: Dell Inc.
  modified.conffile..etc.modprobe.d.alsa.base.conf: [modified]
  mtime.conffile..etc.modprobe.d.alsa.base.conf: 2012-10-24T20:28:30.229865

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