On my LG TX there are similar symptoms. From the login screen, shutdown
and hibernate works. From logged in to Gnome, nothing happens after the
text "power off" appears, when attempting to hibernate. This has been
like that since upgrading to 8.04, including since the latest kernel
update.

After the latest updates, the screen powers off so I can not see any text (when 
hibernating process starts).
The power LED is however still on if I do hibernate from logged in. After power 
off and power on Ubuntu boots from the saved
image. (I noticed this today as I wanted to check the exact phrase that is/was 
displayed before the computer failed to
power off)

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Power down after shutdown does not work...
https://bugs.launchpad.net/bugs/43961
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