The default configuration under eeebuntu 2.0 works pretty well but there are a couple glitches that are annoying. For one the multi-touch scroll is very jumpy and sensitive.
Here is a launchpad bug describing the driver problems in Intrepid with the Elantech toucpad.
https://bugs.launchpad.net/ubuntu/+source/linux/+bug/123775
See also this link for configuring the touchpad via gsynaptics.
https://help.ubuntu.com/community/SynapticsTouchpad#Enabling SHMConfig
This was all discussed in a great post under the above launchpad bug
https://bugs.launchpad.net/ubuntu/+source/linux/+bug/123775/comments/84
After I saw how cool the new touch pad functions were on your laptop, Peter got them working on my eeePC. It sure makes reading long articles and maneuvering through webpages a lot easier!