Kernel 3.2.6 (kernel-3.2.6-3.fc16.x86_64) fixes the ASUS N53JQ problem of headphones work, but front speakers do not work. It may also fix other notebooks with the Realtek ALC269VB.
You no longer need to modify the snd-hda-intel module options.
Before Kernel 3.2 (For me, the last kernel with working speakers was kernel-3.1.9-1.fc16.x86_64), you needed to modify the snd-hda-intel module options by adding "model=auto position_fix=0". Between kernel-3.2.1-3.fc16.x86_64 and kernel-3.2.5-3.fc16.x86_64, the front speakers would not work even with those module options set.
The kernel log for 3.2.6 "commit ab692dfced98f2967cf710941d686e66cf519afb" lists the change that was made.
I removed this:
options snd-hda-intel model=auto position_fix=0
and front speakers work after a reboot without those options.