creating lvm snapshot with lvcreate freezes the system

Creating a lvm snapshoot with lvcreate on the root partition (ext4) freezes the system. This bug was introduced with kernel 2.6.32-24; the error is not present in kernel 2.6.32-23. Non-root partitions are not affected.

ProblemType: Bug
DistroRelease: Ubuntu 10.04
Package: linux-image-2.6.32-24-server 2.6.32-24.38
Regression: Yes
Reproducible: Yes
ProcVersionSignature: Ubuntu 2.6.32-24.38-server 2.6.32.15+drm33.5
Uname: Linux 2.6.32-24-server x86_64
AlsaDevices: Error: command ['ls', '-l', '/dev/snd/'] failed with exit code 2: ls: cannot access /dev/snd/: No such file or directory
AplayDevices: Error: [Errno 2] No such file or directory
Architecture: amd64
ArecordDevices: Error: [Errno 2] No such file or directory
CurrentDmesg:
 [ 16.286783] ip_tables: (C) 2000-2006 Netfilter Core Team
 [ 23.183542] eth0: no IPv6 routers present
Date: Mon Jul 12 23:27:47 2010
InstallationMedia:

MachineType: MSI MS-7522
PciMultimedia:

ProcCmdLine: BOOT_IMAGE=/vmlinuz-2.6.32-24-server root=/dev/mapper/vg0-root ro quiet
ProcEnviron:
 PATH=(custom, no user)
 LANG=en_US.UTF-8
 SHELL=/bin/bash
SourcePackage: linux
dmi.bios.date: 04/20/2009
dmi.bios.vendor: American Megatrends Inc.
dmi.bios.version: V8.2
dmi.board.asset.tag: To Be Filled By O.E.M.
dmi.board.name: MSI X58 Pro SLI (MS-7522)
dmi.board.vendor: MSI
dmi.board.version: 3.0
dmi.chassis.asset.tag: To Be Filled By O.E.M.
dmi.chassis.type: 3
dmi.chassis.vendor: MICRO-STAR INTERNATIONAL CO.,LTD
dmi.chassis.version: 3.0
dmi.modalias: dmi:bvnAmericanMegatrendsInc.:bvrV8.2:bd04/20/2009:svnMSI:pnMS-7522:pvr3.0:rvnMSI:rnMSIX58ProSLI(MS-7522):rvr3.0:cvnMICRO-STARINTERNATIONALCO.,LTD:ct3:cvr3.0:
dmi.product.name: MS-7522
dmi.product.version: 3.0
dmi.sys.vendor: MSI