Haha, sorry for running that incorrectly.
When I run IDE v 1.0.1, I still get a lock error when trying to open the serial port.
$ ./arduino
Experimental: JNI_OnLoad called.
Stable Library
=========================================
Native lib Version = RXTX-2.1-7
Java lib Version = RXTX-2.1-7
Binary sketch size: 1,084 bytes (of a 32,256 byte maximum)
processing.app.SerialException: Error opening serial port '/dev/ttyACM0'.
at processing.app.Serial.<init>(Serial.java:178)
at processing.app.Serial.<init>(Serial.java:77)
at processing.app.debug.Uploader.flushSerialBuffer(Uploader.java:77)
at processing.app.debug.AvrdudeUploader.uploadViaBootloader(AvrdudeUploader.java:172)
at processing.app.debug.AvrdudeUploader.uploadUsingPreferences(AvrdudeUploader.java:67)
at processing.app.Sketch.upload(Sketch.java:1706)
at processing.app.Sketch.exportApplet(Sketch.java:1662)
at processing.app.Sketch.exportApplet(Sketch.java:1634)
at processing.app.Editor$DefaultExportHandler.run(Editor.java:2346)
at java.lang.Thread.run(Thread.java:679)
Caused by: gnu.io.UnsupportedCommOperationException: Invalid Parameter
at gnu.io.RXTXPort.setSerialPortParams(RXTXPort.java:171)
at processing.app.Serial.<init>(Serial.java:163)
... 9 more
processing.app.debug.RunnerException: Error opening serial port '/dev/ttyACM0'.
at processing.app.debug.Uploader.flushSerialBuffer(Uploader.java:101)
at processing.app.debug.AvrdudeUploader.uploadViaBootloader(AvrdudeUploader.java:172)
at processing.app.debug.AvrdudeUploader.uploadUsingPreferences(AvrdudeUploader.java:67)
at processing.app.Sketch.upload(Sketch.java:1706)
at processing.app.Sketch.exportApplet(Sketch.java:1662)
at processing.app.Sketch.exportApplet(Sketch.java:1634)
at processing.app.Editor$DefaultExportHandler.run(Editor.java:2346)
at java.lang.Thread.run(Thread.java:679)
When I try to again, I get something like:
$ ./arduino
Experimental: JNI_OnLoad called.
Stable Library
=========================================
Native lib Version = RXTX-2.1-7
Java lib Version = RXTX-2.1-7
RXTX Warning: Removing stale lock file. /var/lock/LCK..ttyACM0
RXTX Error: Unable to remove stale lock file: /var/lock/LCK..ttyACM0
I took a look at ~/.arduino/preferences.txt, I am definitely still the owner with rw privileges.