Here is what I did:
After going through the help, I changed the boot options which prevented the lockups. The steps are as follows.
a) Hit F6 to get to the boot options once you see the menu
b) Hit ESC to get into the text based installer. Hit enter to confirm
c) You will see boot: at the prompt
d) Type in live noapic nolapic, Your first line should look like boot: live noapic nolapic
e) Hit enter to move to the installation
Next problem I ran into was the creation of swap partition. I booted off of live cd and wanted to install the OS to the disk. How ever, when I came to the creating the partitions, it would give me options to create only the root partition. I am surprised that the ubuntu installer did not give me an option to create a swap partition. The alternative is to go repartition using gparted from System -> Administration -> Partition Editor and create partitions as I liked and then got back to the install program.
I copied this off a site somewhere.. Don't remember where but thatnks to whoever wrote it.
