I finally found the time to revisit this problem from a few months ago, I removed all the existing packages and installed everything from source. I ended up getting the same "segmentation fault" error and tried uninstalling everything and downloading all the new Hardy debs - still no luck. Please help! Here's the output of my terminal:
eric@marzipan:~$ linuxsampler
LinuxSampler 1.0.0
Copyright (C) 2003,2004 by Benno Senoner and Christian Schoenebeck
Copyright (C) 2005-2009 Christian Schoenebeck
Detected features: MMX SSE
Automatic Stacktrace: Off
Creating Sampler...OK
Registered sampler engines: 'GIG'
Registered MIDI input drivers: ALSA,JACK
Registered audio output drivers: ALSA,JACK
Loading instrument editor plugins...OK
Registered instrument editors: 'gigedit'
Starting LSCP network server (0.0.0.0:8888)...OK
LinuxSampler initialization completed.
LSCPServer: Client connection established on socket:4.
LSCPServer: Client connection established on socket:5.
LSCPServer: Client connection established on socket:6.
Cannot open instruments database: /var/lib/linuxsampler/instruments.db
LSCPServer: Client connection terminated on socket:4.
ALSA lib pcm_hw.c

(_snd_pcm_hw_open) Invalid value for card
ALSA lib pcm_hw.c

(_snd_pcm_hw_open) Invalid value for card
jackd 0.116.2
Copyright 2001-2005 Paul Davis and others.
jackd comes with ABSOLUTELY NO WARRANTY
This is free software, and you are welcome to redistribute it
under certain conditions; see the file COPYING for details
JACK compiled with System V SHM support.
loading driver ..
apparent rate = 48000
creating alsa driver ... hw:0,0|hw:0,0|128|3|48000|0|0|nomon|swmeter|-|16bit
control device hw:0
configuring for 48000Hz, period = 128 frames (2.7 ms), buffer = 3 periods
ALSA: final selected sample format for capture: 32bit integer little-endian
ALSA: use 3 periods for capture
ALSA: final selected sample format for playback: 32bit integer little-endian
ALSA: use 3 periods for playback
Segmentation fault
eric@marzipan:~$ jack main caught signal 12
jackd watchdog: timeout - killing jackd