Seahorse/Gnome Keyring stop working

This happens spontaneously. Sometimes my ssh keys do not prompt for password and the ssh command just hangs, at the sametime by Ubuntu One login stops working and sometimes Lastpass stops working in Chrome too (but not FF). A restart does not fix it but sometimes just shutting down and waiting X minutes/hours does.

If I go to Seahorse and right click the login keyring and then "unlock" nothing happens.

Not sure where the issue lies.

Please help me, this is very frustrating.

ProblemType: Bug
DistroRelease: Ubuntu 12.04
Package: gnome-keyring 3.2.2-2ubuntu4
ProcVersionSignature: Ubuntu 3.2.0-27.43-generic 3.2.21
Uname: Linux 3.2.0-27-generic x86_64
NonfreeKernelModules: nvidia
ApportVersion: 2.0.1-0ubuntu11
Architecture: amd64
Date: Wed Aug 8 19:46:40 2012
InstallationMedia: Ubuntu 12.04 LTS "Precise Pangolin" - Beta amd64 (20120328)
ProcEnviron:
 TERM=xterm
 PATH=(custom, no user)
 LANG=en_US.UTF-8
 SHELL=/bin/bash
SourcePackage: gnome-keyring
UpgradeStatus: No upgrade log present (probably fresh install)