Please attach your /var/log/Xorg.0.log as well.
Also, are you able to reproduce this issue on Jaunty?
** Changed in: xserver-xorg-input-evdev (Ubuntu)
Sourcepackagename: xserver-xorg-input-keyboard => xserver-xorg-input-evdev
Status: Confirmed => Incomplete
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[hardy intrepid] IBM ps/2 keyboard - key delay on CapsLock button
https://bugs.launchpad.net/bugs/294995
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