Kernel Panic = me to panic

It all depends on the source of the problem. If it's software related, reinstalling will likely help. If it's hardware related, it won't help. You need to track down the source. OSX keeps track using logs of what happens. Check out the Console app for some messages. Also look in ~/Library/Logs/CrashReporter/ for log files too or ~/Library/Logs/PanicReporter/. See this article from Apple also. Another web page with a decent write-up.

 

I was having frequent kernel panics as well (once a week), which freaked me out because my MacBook Pro was only 3 months old... I took it to the Genius Bar and showed the guy a couple of the crash logs. He said that the "cpu 0" line (which I also see in your crash log) usually means the RAM is bad and that's what's causing the kernel panic. Apple replaced my RAM free of charge since the machine was under warranty... it's been a week and no kernel panics since then -- fingers crossed!