Where the hell is this thought that telecom is working, coming from? We're WORKING ON IT.. WE'RE STILL WORKING ON IT IN 12.04. For some things it works well, for some things it doesn't work at all.
I do not have a working 7970 any more, so I can't verify that things work or not.
bherbie: as for the issue you experienced, The Cisco 7970 has a maximum limit of 32 hot spots per screen. If there are any more, the Proxy orbiter will simply not generate hot spots for any of the elements on screen, and you'll have screens that you can't do anything on. There is no clean solution here, as a great many screen changes need to be done to make the 7970 usable again, things have changed since 2007...