Just updated the Dreamplug to 3.8-rc1, without any problems..   Used the .config from 3.7..

Fedora release 18 (Spherical Cow)
Kernel 3.8.0-rc1 on an armv5tel (ttyS0)
……………….
# uname -a
Linux rgdreamplug 3.8.0-rc1 #1 Wed Dec 26 22:00:22 GMT 2012 armv5tel armv5tel armv5tel GNU/Linux

Robert Gadsdon.   December 26th 2012.