I have tried 11.10 on a cousin of your model and BT works fine running Ubuntu in live mode.
Did not install it though.
However since the unit I have here is not exactly the same as your model, I cannot guarantee the information is perfectly applicable to you.
You can check if you have same hardware as I do by opening a terminal and issuing the command
lsusb -v | bDeviceProtocol
Make sure you type the small and big letters as I show.
This will list all your USB devices but filtering out much of the information.
Can You find anything saying bluetooth?
If so please look which place it has in the list.
My list shows me 7 red instances of bDeviceProtocol and the one with Bluetooth is the last one.
Remembering which number in the list you got type this
You will see a short list with some numbers and names of manufacturers.
Locate the line number which You got from above. They don't have number so you need to count them.
You will probably see something like:
Bus 002 Device 004: ID 0930:0214 Toshiba corp
That is your Bluetooth device ID.
Please provide it here so I can see if we are using the same devices.
Next issue this command:
lsmod |grep blue
You will see which modules are loaded that has anything to do with bluetooth.
My unit tells me this
bluetooth 148839 23 bnep, rfcomm,btusb
toshiba_bluetooth 12711 0
Never mind the numbers, just tell me which modules you see.