I did an install of 10.04.1 plus upgrade on my Aspire One 110 (which
should be near identical to the 150 beside the harddrive). After the
upgrade to 2.6.32-25.45, I still got both wireless and wired network
running. From the log it looks at least like ethernet and wireless
device were detected and NetworkManager tried to do something with them.

Just to be sure: have you tried to check whether nm went slightly mad
and disabled network or wireless support (rightclick on the nm applet
icon). Other thing to try would be to see whether you can bring up
ethernet manuallly with

sudo ifconfig eth0 <ip address> up

so that you could ping something in the local net.

-- 
Latest security update renders wired and wireless connects inoperable
https://bugs.launchpad.net/bugs/669787
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