Just purchased an asus 1005PEB and I can't get Emulated multitouch for the touchpad to work. I compared my synclient -l to my ibm thinkpad that has emulated multitouch and everything is setup correctly. It also works on the base windows install. Don't really know where to go from here, should I get in touch with the xorg dev crew and see if this is fixed in a newer version of xorg?
I believe the 1005PEB is a very recent build, jan 2010, so I could understand this bug being present.