I am encountering nearly the same issue, except my backtrace only shows the com.parallels.kext.vmmain module. My machine is also a MacBook Pro with an Intel Duo Core processor.
I installed the recent security update, via Software Update, I've checked and repaired permission and I still get the kernel panic.
How do I go about deleting caches? I can't see, however, how this would be the problem. The issue seems to be an incompatibility with the Parallels kernel modules and the kernel Apple supplied with the latest security update.
UPDATE
I just booted my Boot Camp installation from Parallels without a kernel panic, hurrah. I get the panic when trying to resume a suspended XP VM. Let me try rebooting the XP VM from scratch, i.e. deleting the suspended state (be back in a jiffy)... Bingo, that seems to have done the trick.
I wonder if the other guys who are getting kernel panics are also trying to restart suspended images? I guess that means this may be some sort of cache issue after all...
Last edited: Apr 23, 2007