I'm experiencing the same issue, using an up-to-date Kubuntu Hardy Heron. The card doesn't appear in lspci's output.
uname -a gives:
2.6.24-15-generic #1 SMP Fri Apr 4 03:48:31 UTC 2008 i686 GNU/Linux
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Netgear WG311T unrecognised after upgrade
https://bugs.launchpad.net/bugs/61380
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