Same issue on my side:
08:00.0 Network controller: Ralink corp. RT2790 Wireless 802.11n 1T/2R PCIe
Subsystem: Ralink corp. Device 2790
Flags: bus master, fast devsel, latency 0, IRQ 19
Memory at c8000000 (32-bit, non-prefetchable) [size=64K]
Capabilities: <access denied>
Kernel driver in use: rt2800pci
Kernel modules: rt2800pci
$ uname -ri
3.2.0-31-generic x86_64
$ lsb_release -a
No LSB modules are available.
Distributor ID: Ubuntu
Description: Ubuntu 12.04.1 LTS
Release: 12.04
Codename: precise
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https://bugs.launchpad.net/bugs/929244
Title:
Cannot connect to wireless network in 12.04
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