Hi,
this problem could be reproduced although on a physical machine with
12.04.1 LTS and Kernel 3.2.0
At the attached screenshot you ca seen the kernel panic message when stopping
the open-iscsi deamon.
It's the same for a reboot or a networking stop/restart.
After installation of the Kernel 3.4 from
http://kernel.ubuntu.com/~kernel-ppa/mainline/v3.4-precise/linux-image-3.4.0-030400-generic_3.4.0-030400.201205210521_amd64.deb
the system has no problem with rebooting anymore.
This has been tested in a KVM-Environment and a physical machine.
I hope this c,ould be a solution for some installations.
In some cases (production) you should wait for the official 3.4-Kernel-Support
in Ubuntu 12.04
** Attachment added: "Screenshot from stopping iscsi"
https://bugs.launchpad.net/ubuntu/+source/ifupdown/+bug/1010045/+attachment/3419802/+files/iscsi-stop.jpg
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https://bugs.launchpad.net/bugs/1010045
Title:
12.04 hangs on shutdown deconfiguring network interfaces
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