I was having the same problem as you WRT: "The mouse cursor wanders
around a lot, esp. when a finger is resting on it, making precise
pointing infuriating."
I'm using the same hardware and kernel module.
$ uname -a
Linux CN212851 3.2.0-3-amd64 #1 SMP Thu Jun 28 09:07:26 UTC 2012 x86_64
GNU/Linux
$ lsusb |grep -i synapt
Bus 003 Device 004: ID 06cb:0009 Synaptics, Inc. Composite TouchPad and
TrackPoint
If this helps you (and others) too, perhaps the module dev(s) could make
these the default settings for trackpoint devices.
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