That's multiple issues in one. Let's try to tackle them separately.

As a first step, make sure IPv6 is set to "Automatic" and that the
"require an IP address to bring up this connection" or whatnot is *NOT*
checked. If you don't use IPv6, you may as well set IPv6 to "Ignore".
This is for both wlan0 and eth0, both wired and wifi.

Second, if the lights stay on on the ethernet device and you can't get a
DHCP address (as described in the attached logs), there is likely an
issue with the wired device in your system. As such I'm reassigning this
to the 'linux' package.

** Package changed: network-manager-applet (Ubuntu) => linux (Ubuntu)

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https://bugs.launchpad.net/bugs/986497

Title:
  massive network problems on 12.04 eth0 LED stays on

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