Snecklifter here's my output...
divzr0@M-Alice:~> ping 127.0.0.1
PING 127.0.0.1 (127.0.0.1) 56(84) bytes of data.
M-Alice:~ # ping 127.0.0.1
PING 127.0.0.1 (127.0.0.1) 56(84) bytes of data.
64 bytes from 127.0.0.1: icmp_seq=1 ttl=64 time=0.046 ms
64 bytes from 127.0.0.1: icmp_seq=2 ttl=64 time=0.072 ms
64 bytes from 127.0.0.1: icmp_seq=3 ttl=64 time=0.091 ms
64 bytes from 127.0.0.1: icmp_seq=4 ttl=64 time=0.093 ms
64 bytes from 127.0.0.1: icmp_seq=5 ttl=64 time=0.091 ms
64 bytes from 127.0.0.1: icmp_seq=6 ttl=64 time=0.093 ms
Pinging localhost
M-Alice:~ # ping localhost
PING localhost (127.0.0.1) 56(84) bytes of data.
64 bytes from localhost (127.0.0.1): icmp_seq=1 ttl=64 time=0.093 ms
64 bytes from localhost (127.0.0.1): icmp_seq=2 ttl=64 time=0.090 ms
64 bytes from localhost (127.0.0.1): icmp_seq=3 ttl=64 time=0.095 ms
64 bytes from localhost (127.0.0.1): icmp_seq=4 ttl=64 time=0.093 ms
64 bytes from localhost (127.0.0.1): icmp_seq=5 ttl=64 time=0.091 ms
64 bytes from localhost (127.0.0.1): icmp_seq=6 ttl=64 time=0.094 ms
--- localhost ping statistics ---
6 packets transmitted, 6 received, 0% packet loss, time 5000ms
rtt min/avg/max/mdev = 0.090/0.092/0.095/0.011 ms
M-Alice:~ # route
Kernel IP routing table
Destination Gateway Genmask Flags Metric Ref Use Iface
144.118.xx.x * 255.255.248.0 U 0 0 0 eth1
link-local * 255.255.0.0 U 0 0 0 eth1
loopback * 255.0.0.0 U 0 0 0 lo
M-Alice:~ # ifconfig
eth0 Link encap:Ethernet HWaddr 00:0B

B:xx:xx:xx
inet6 addr: fe80::20b:dbff:fe17:5b0e/64 Scope:Link
UP BROADCAST NOTRAILERS MULTICAST MTU:1500 Metric:1
RX packets:0 errors:0 dropped:0 overruns:0 frame:0
TX packets:19 errors:0 dropped:0 overruns:0 carrier:19
collisions:0 txqueuelen:1000
RX bytes:0 (0.0 b) TX bytes:8130 (7.9 Kb)
Interrupt:11 Base address:0xec80
eth1 Link encap:Ethernet HWaddr 00:02:2D:xx:xx:x
inet addr:144.118.xx.xx Bcast:144.118.23.255 Mask:255.255.248.0
inet6 addr: fe80::202:2dff:feab:4f7e/64 Scope:Link
UP BROADCAST NOTRAILERS RUNNING MULTICAST MTU:1500 Metric:1
RX packets:7513 errors:0 dropped:0 overruns:0 frame:0
TX packets:8 errors:1 dropped:0 overruns:0 carrier:0
collisions:0 txqueuelen:1000
RX bytes:800121 (781.3 Kb) TX bytes:1542 (1.5 Kb)
Interrupt:3 Base address:0x100
lo Link encap:Local Loopback
inet addr:127.0.0.1 Mask:255.0.0.0
inet6 addr: ::1/128 Scope:Host
UP LOOPBACK RUNNING MTU:16436 Metric:1
RX packets:144 errors:0 dropped:0 overruns:0 frame:0
TX packets:144 errors:0 dropped:0 overruns:0 carrier:0
collisions:0 txqueuelen:0
RX bytes:10652 (10.4 Kb) TX bytes:10652 (10.4 Kb)
M-Alice:~ # ping 144.118.xx.xx
PING 144.118.xx.xx (144.118.xx.xx) 56(84) bytes of data.
64 bytes from 144.118.xx.xx: icmp_seq=1 ttl=64 time=0.055 ms
64 bytes from 144.118.xx.xx: icmp_seq=2 ttl=64 time=0.043 ms
64 bytes from 144.118.xx.xx: icmp_seq=3 ttl=64 time=0.046 ms
64 bytes from 144.118.xx.xx: icmp_seq=4 ttl=64 time=0.094 ms
64 bytes from 144.118.xx.xx: icmp_seq=5 ttl=64 time=0.094 ms
64 bytes from 144.118.xx.xx: icmp_seq=6 ttl=64 time=0.093 ms
--- 144.118.xx.xx ping statistics ---
6 packets transmitted, 6 received, 0% packet loss, time 4998ms
rtt min/avg/max/mdev = 0.043/0.070/0.094/0.025 ms
M-Alice:~ # iwconfig
lo no wireless extensions.
eth0 no wireless extensions.
eth1 IEEE 802.11-DS ESSID:"xxxxxx" Nickname:"M-Alice"
Mode:Managed Frequency:2.417 GHz Access Point: 00:0F:8F:4F

9:70
Bit Rate:11 Mb/s Tx-Power=15 dBm Sensitivity:1/3
Retry limit:4 RTS thr

ff Fragment thr

ff
Encryption key:xxxx-xxxx-xx
Power Management

ff
Link Quality=33/92 Signal level=-52 dBm Noise level=-85 dBm
Rx invalid nwid:0 Rx invalid crypt:0 Rx invalid frag:58
Tx excessive retries:0 Invalid misc:0 Missed beacon:0
Anything that has a "x" has been blocked out for privacy reasons....
Any ideas?