I'd suggest trying to get things working in tc-4.x with blueman.
Use blueman to pair your laptop with your phone and then right click on the phone in the blueman display and choose "network access point" or similar (I don't remember exactly what it's called).
Once the above is done (i.e. bluez is configued for networking), you need to use a network utility to make the connection - a ppp script, wicd or similar.
As mentioned above (albeit in tc-6.x x86_64) I used gnome-bluetooth and network-manager-applet, so you could perhaps try network-manager-gnome in tc-4.x.
BTW I use bluetooth mostly with headphones and headset (skype), but you can also (for example) set your phone as an audio source and play music through your laptop speakers. Other possibilites are to use bluetooth speakers and (I didn't try) use a TV as a display.