Unable to connect to Midi in on Tascam US-X2Y

The us-122 lights up, and I can make a midi connection through aconnect, jack or patchage to the midi-in port. However, no good connecting to the midi-out port.

Patchage gives me the best error output:

[ALSA] Subscription failed: Input/output error

Here are my current settings:

lsusb
Bus 001 Device 001: ID 1d6b:0002 Linux Foundation 2.0 root hub
Bus 002 Device 001: ID 1d6b:0002 Linux Foundation 2.0 root hub
Bus 003 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 004 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 005 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 006 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 007 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 008 Device 001: ID 1d6b:0001 Linux Foundation 1.1 root hub
Bus 001 Device 005: ID 1058:0702 Western Digital Technologies, Inc. Passport External HDD
Bus 003 Device 002: ID 045e:00db Microsoft Corp. Natural Ergonomic Keyboard 4000 V1.0
Bus 003 Device 003: ID 047d:1020 Kensington Expert Mouse Trackball
Bus 004 Device 002: ID 1604:8007 Tascam US-122 Audio/Midi Interface

cat /proc/asound/cards
 0 [Intel ]: HDA-Intel - HDA Intel
                      HDA Intel at 0xfdff8000 irq 43
 1 [USX2Y ]: USB US-X2Y - TASCAM US-X2Y
                      TASCAM US-X2Y (1604:8007 if 0 at 004/002)

 uname -a
Linux devin-studio 3.2.0-32-generic-pae #51-Ubuntu SMP Wed Sep 26 21:54:23 UTC 2012 i686 i686 i386 GNU/Linux

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Confirmed by RUI

OMG!

i can confirm the issue is also present in my us-224:

...
  1 [USX2Y ]: USB US-X2Y - TASCAM US-X2Y
                       TASCAM US-X2Y (1604:8005 if 0 at 005/003)
...

*NO* midi-out whatsoever :(

dmesg says:

ALSA sound/core/seq/seq_midi.c:234 midi output open failed!!!

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This appears to be a bug in the PM code since kernel 2.6.39.
I'm on it ...

Regards,
Clemens