I think this could be made clearer by *swapping the order of the two elements*, thus:

> **Problems with the development version of Ubuntu** and **all bug reports for any version of Ubuntu** should be reported on Launchpad so that developers can see, track and fix these issues.

Or, as terdon suggested in the comments, it probably wouldn’t hurt to remove the *all*, thus:

> **Problems with the development version of Ubuntu** and **bug reports for any version of Ubuntu** should be reported on Launchpad so that developers can see, track and fix these issues.