Don't know what is different from my previous attempt, but this time I could see a lot of help post in internet for configuring the various softwares in ubuntu studio and a lot more assisting people in trying out the midi playing and recording stuff which I feel is showing what linux as a whole entity is doing to the Music Production industry. Probably this was the little help that I needed during my last attempt.
Nevertheless, overwriting my current ubuntu 11.04 installation with a ubuntu studio 11.04 installation roughly took me an hour at most and certain things struck me visibly, which I think would require me to go for a new post which I'll do if I get some time in the near future.

For people out there deciding to try ubuntu studio, request you to go through some of the steps that were in place before the current graphical installation engines came long. Extreme knowledge would not be needed as most of them will be self explanatory during the installation.
Once I got the ubuntu studio installed, I still didnt know how to check if I had setup properly or not. For this I needed knowledge of the following important factors and once I started putting them in place, everything started looking and feeling right.
First, a little bit of knowledge about how things work in a normal music studio outside as in the equipments that you use to the way you feed the output from your system to a sequencer, stuff like that. For a guy like me with absolutely no knowledge of that, things like Jack, Virtual Keyboard, QSynth, Ardour everything looked out of sorts.
Jack:

It is like a virtual feed manager. Similar to the way you would take the feed from your keyboard to an amplifier. It lets users link their instruments(virtual or real) to any other software as such. and it is designed in a way to make sure the end user feels the links are not slow and all the softwares in the link recieve their input with very minuscule time differences like something in milliseconds. In simple words, its a server that is used for monitoring existing feeds between softwares and for creating new feed links.
QSynth:

Another useful synth that I personally like and the one that I started with was ZynAddSubFX. It comes with both an inbuilt basic keyboard and instrument bank. I still have to check the possibility of creating customized instruments though with it. For starters, It would be great to start with ZynAddSubFX before moving on to QSynth and understanding the concept of how it works.

Virtual Keyboard:

Hydrogen:

Ardour:

2 important things though are the buses and tracks. Remember the following concept that I learnt and it could help you a lot. First Track is something that lets you record music from another bus.
Bus lets you route another instrument like hydrogen or synths feed into ardour.
For each track that you select and for each bus you select you will have to define the input/output sources and once you have done that all that is left is to record some funky tones and see how things turn out.
Since ubuntu studio comes in a 1.5 gig dvd you might think that you will also get the standard linux software like openoffice with it, which is not the case. Be ready to download some seperately. And for people out there still wanting the old gnome interface back, ubuntu studio wouldnt be all that different.