This was worked around in gnome-power-manager:
http://git.gnome.org/cgit/gnome-power-
manager/commit/?id=4514eec0437a5ca4b2ab9adb81e25e122fade5bf
** Package changed: udev (Ubuntu) => gnome-power-manager (Ubuntu)
** Changed in: gnome-power-manager (Ubuntu)
Status: Triaged => Fix Committed
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Hibernate hotkey puts laptop in suspend
https://bugs.launchpad.net/bugs/423768
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