I applied the patch from upstream and it resolved the issue:
ch...@kenny:/var/log/samba$ smbclient -L localhost
Enter chuck's password:
Domain=[WORKGROUP] OS=[Unix] Server=[Samba 3.4.0]
Sharename Type Comment
--------- ---- -------
print$ Disk Printer Drivers
test1 Disk test1
thisisareallyreallyreallylongshare Disk thisisareallylongshare
IPC$ IPC IPC Service (kenny server (Samba, Ubuntu))
Domain=[WORKGROUP] OS=[Unix] Server=[Samba 3.4.0]
Server Comment
--------- -------
KENNY kenny server (Samba, Ubuntu)
Workgroup Master
--------- -------
WORKGROUP
Regards
chuck
--
[karmic] Long SMB share names invisible
https://bugs.launchpad.net/bugs/449735
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