What do you know, it's already in http://packages.debian.org/unstable
/libtheora-dev and http://packages.ubuntu.com/karmic/libtheora-dev
I guess this closes this bug.
** Changed in: libtheora (Ubuntu)
Status: New => Fix Released
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libtheora-dev package is missing theora/codec.h and
libtheora{enc,dec}.{a,la,so} files
https://bugs.launchpad.net/bugs/347235
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