Hibernate is working fine. A bit slow when resuming from a hibernate but I can bear with it just so that I have all open applications on the desktop as I left it. Then again the "slowness" might be because of the 4GB RAM, although I'm assuming only what is used gets swapped and not the entire memory.
Has anyone been able to make Ubuntu show a splash screen or some kind of indicator/progress bar to show while hibernating or while resuming? I remember with SuSE on my HP Compaq Presario notebook it had messages appear during and after. Better than nothing, I guess.