Having the same issue with a Dell Precision M4400. The weird thing is
that I can get Ubuntu to install, everything works fine for a few days,
and then I get the Kernel Panic. At first I needed a Linux box up and
running quickly and didn't have time to debug so I reinstalled 12.04 (I
used the alternate dvd both times) and the same result...it worked for a
full day, as soon as I shut it down and tried to start it again this
morning I got Kernel panic.

I tried to blacklist the module in grub and then booting to then follow
the instructions on comment #6 but no luck. I then tried booting using a
LiveCD, mounted the partition, and created the file on comment # 6 but
when I rebooted I had the same problem. I just started working on this
so I'll keep digging around, see what I can find, and report anything
useful.

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https://bugs.launchpad.net/bugs/984387

Title:
  [Dell Studio XPS 1340,Alienware m17x] Kernel panic with 3.0.0-19 and
  3.2.0-18 on boot

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