Hi, I just had my first Kenral Panic 
From what I've heard, these are undesirable and are usually the prelude to serious hardware problems. I was wondering if anyone could tell me anything about it from my error report.
Here is my system configuration.
Model: iMac7,1, BootROM IM71.007A.B03, 2 processors, Intel Core 2 Duo, 2.8 GHz, 4 GB
Graphics: kHW_ATIr600M76Item, ATI,RadeonHD2600, spdisplays_pcie_device, 256 MB
Memory Module: global_name
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0x88), Broadcom BCM43xx 1.0 (5.10.91.21)
Bluetooth: Version 2.1.9f10, 2 service, 1 devices, 1 incoming serial ports
Network Service: AirPort, AirPort, en1
Serial ATA Device: WDC WD3200AAJS-40VWA1, 298.09 GB
Parallel ATA Device: MATSHITADVD-R UJ-875
USB Device: Built-in iSight, (null) mA
USB Device: IR Receiver, (null) mA
USB Device: Bluetooth USB Host Controller, (null) mA
And the error bit.
Interval Since Last Panic Report: 785814 sec
Panics Since Last Report: 1
Anonymous UUID: 95AE5A9D-A6CB-45DA-9E1B-4E0CB070EBB9
Sat Feb 13 18:06:26 2010
panic(cpu 1 caller 0x001AB0FE): Kernel trap at 0x006dd623, type 14=page fault, registers:
CR0: 0x80010033, CR2: 0x4d521e58, CR3: 0x011bd000, CR4: 0x00000660
EAX: 0x4d521e58, EBX: 0x6555aee8, ECX: 0x4f301040, EDX: 0xff888386
CR2: 0x4d521e58, EBP: 0x5522ba08, ESI: 0x6555a000, EDI: 0x6555aeec
EFL: 0x00010286, EIP: 0x006dd623, CS: 0x00000008, DS: 0x07210010
Error code: 0x00000002
Backtrace (CPU 1), Frame : Return Address (4 potential args on stack)
0x5522b7c8 : 0x12b4c6 (0x45f91c 0x5522b7fc 0x13355c 0x0)
0x5522b818 : 0x1ab0fe (0x469a98 0x6dd623 0xe 0x469248)
0x5522b8f8 : 0x1a1713 (0x5522b910 0x0 0x5522ba08 0x6dd623)
0x5522b908 : 0x6dd623 (0xe 0x48 0x55220010 0x6d0010)
0x5522ba08 : 0x6e8bde (0x6555a000 0x4f301040 0x22040 0xff888387)
0x5522ba38 : 0x6eaea3 (0x46b50000 0x5522bb54 0x5ad040 0x50)
0x5522baa8 : 0x6ebc44 (0x46b50000 0x5522bb54 0x85e1680 0x1)
0x5522bb18 : 0x6e5bf7 (0x46b50000 0x5522bb54 0x46b500cc 0x6e9f2d)
0x5522bb88 : 0x6bf0a9 (0x46b50000 0x5522bc60 0x0 0x0)
0x5522bc88 : 0x43faec (0x46b50000 0x1 0x5522bcdc 0x5522bcd8)
0x5522bcf8 : 0x444345 (0x46b50000 0x1 0x74e04cc 0x1)
0x5522bd28 : 0x44445c (0x46b50000 0x1 0x74e04cc 0x5522bd58)
0x5522bd68 : 0x18ac09 (0x46b50000 0x1 0x74e04cc 0x81fc8b8)
0x5522bdb8 : 0x12d4d6 (0x81fc884 0x87d3a98 0x5522bdf8 0x11f1c6)
0x5522bdf8 : 0x1264fa (0x81fc800 0x6a72da8 0x749945c 0x0)
0x5522bf08 : 0x198fa3 (0x5522bf44 0x0 0x0 0x0)
Backtrace continues...
Kernel loadable modules in backtrace (with dependencies):
com.apple.ATIRadeonX2000(5.4.8)@0x6b5000->0x781fff
dependency: com.apple.iokit.IONDRVSupport(1.7.3)@0x6a7000
dependency: com.apple.iokit.IOPCIFamily(2.6)@0x5db000
dependency: com.apple.iokit.IOGraphicsFamily(1.7.3)@0x68a000
BSD process name corresponding to current thread: WindowServer
Mac OS version:
9L31a
Kernel version:
Darwin Kernel Version 9.8.0: Wed Jul 15 16:55:01 PDT 2009; root:xnu-1228.15.4~1/RELEASE_I386
System model name: iMac7,1 (Mac-F42386C8)
System uptime in nanoseconds: 2447363858649
unloaded kexts:
com.apple.driver.InternalModemSupport 2.4.0 - last unloaded 258797774442
loaded kexts:
com.google.filesystems.fusefs 2.0.3
com.parallels.kext.prl_vnic 5.0 9220.531002
com.parallels.kext.prl_netbridge 5.0 9220.531002
com.parallels.kext.prl_usb_connect 5.0 9220.531002
com.parallels.kext.prl_hid_hook 5.0 9220.531002
com.parallels.kext.prl_hypervisor 5.0 9220.531002
com.apple.driver.AppleHIDKeyboard 1.0.9b4 - last loaded 20798031466
com.apple.driver.AppleBluetoothHIDMouse 1.2.4b3
com.apple.driver.IOBluetoothBNEPDriver 2.1.9f10
com.apple.driver.InternalModemSupport 2.4.0
com.apple.filesystems.autofs 2.0.2
com.apple.driver.AppleHDAPlatformDriver 1.7.1a2
com.apple.iokit.IOBluetoothSerialManager 2.1.9f10
com.apple.driver.AppleHDAHardwareConfigDriver 1.7.1a2
com.apple.driver.AppleHDA 1.7.1a2
com.apple.driver.AppleUpstreamUserClient 2.7.5
com.apple.kext.ATY_Hypoprion 5.4.8
com.apple.driver.AppleHWSensor 1.9d0
com.apple.driver.AppleGraphicsControl 2.8.15
com.apple.driver.AppleTyMCEDriver 1.0.0d28
com.apple.Dont_Steal_Mac_OS_X 6.0.3
com.apple.driver.AppleHDAController 1.7.1a2
com.apple.ATIRadeonX2000 5.4.8
com.apple.iokit.IOFireWireIP 1.7.7
com.apple.driver.AudioIPCDriver 1.0.6
com.apple.driver.AppleIRController 113
com.apple.driver.ACPI_SMC_PlatformPlugin 3.4.0a17
com.apple.driver.AppleLPC 1.3.1
com.apple.driver.AppleBacklight 1.6.0
com.apple.driver.CSRUSBBluetoothHCIController 2.1.9f10
com.apple.driver.CSRHIDTransitionDriver 2.1.9f10
com.apple.driver.AppleUSBMergeNub 3.5.2
com.apple.iokit.IOSCSIMultimediaCommandsDevice 2.1.1
com.apple.iokit.SCSITaskUserClient 2.1.1
com.apple.driver.XsanFilter 2.7.91
com.apple.iokit.IOATAPIProtocolTransport 1.5.3
com.apple.driver.AppleUSBHub 3.4.9
com.apple.iokit.IOUSBUserClient 3.5.2
com.apple.iokit.IOAHCIBlockStorage 1.2.2
com.apple.iokit.AppleYukon2 3.1.13b2
com.apple.driver.AirPortBrcm43xx 366.91.21
com.apple.driver.AppleFWOHCI 3.9.7
com.apple.driver.AppleAHCIPort 1.7.0
com.apple.driver.AppleIntelPIIXATA 2.0.1
com.apple.driver.AppleUSBEHCI 3.4.6
com.apple.driver.AppleUSBUHCI 3.5.2
com.apple.driver.AppleFileSystemDriver 1.1.0
com.apple.driver.AppleEFINVRAM 1.2.0
com.apple.driver.AppleRTC 1.2.3
com.apple.driver.AppleHPET 1.4
com.apple.driver.AppleACPIPCI 1.2.5
com.apple.driver.AppleACPIButtons 1.2.5
com.apple.driver.AppleSMBIOS 1.4
com.apple.driver.AppleACPIEC 1.2.5
com.apple.driver.AppleAPIC 1.4
com.apple.security.seatbelt 107.12
com.apple.nke.applicationfirewall 1.6.77
com.apple.security.TMSafetyNet 3
com.apple.driver.AppleIntelCPUPowerManagement 76.2.0
com.apple.driver.DiskImages 199
com.apple.BootCache 30.4
com.apple.driver.IOBluetoothHIDDriver 2.1.9f10
com.apple.driver.AppleHIDMouse 1.2.4b3
com.apple.iokit.IOSerialFamily 9.4
com.apple.driver.DspFuncLib 1.7.1a2
com.apple.iokit.IOHDAFamily 1.7.1a2
com.apple.iokit.IOAudioFamily 1.6.9fc5
com.apple.kext.OSvKernDSPLib 1.1
com.apple.iokit.IOUSBHIDDriver 3.4.6
com.apple.driver.IOPlatformPluginFamily 3.4.0a17
com.apple.driver.AppleSMC 2.3.1d1
com.apple.iokit.IONDRVSupport 1.7.3
com.apple.iokit.IOGraphicsFamily 1.7.3
com.apple.driver.AppleUSBBluetoothHCIController 2.1.9f10
com.apple.iokit.IOBluetoothFamily 2.1.9f10
com.apple.driver.AppleUSBComposite 3.2.0
com.apple.iokit.IOSCSIBlockCommandsDevice 2.1.1
com.apple.iokit.IOBDStorageFamily 1.5
com.apple.iokit.IODVDStorageFamily 1.5
com.apple.iokit.IOCDStorageFamily 1.5
com.apple.iokit.IOSCSIArchitectureModelFamily 2.1.1
com.apple.iokit.IO80211Family 216.1
com.apple.iokit.IOFireWireFamily 3.4.9
com.apple.iokit.IOAHCIFamily 1.5.0
com.apple.iokit.IOATAFamily 2.0.1
com.apple.iokit.IOUSBFamily 3.5.2
com.apple.iokit.IONetworkingFamily 1.6.1
com.apple.driver.AppleEFIRuntime 1.2.0
com.apple.iokit.IOSMBusFamily 1.1
com.apple.iokit.IOStorageFamily 1.5.6
com.apple.iokit.IOHIDFamily 1.5.5
com.apple.driver.AppleACPIPlatform 1.2.5
com.apple.iokit.IOACPIFamily 1.2.0
com.apple.iokit.IOPCIFamily 2.6

From what I've heard, these are undesirable and are usually the prelude to serious hardware problems. I was wondering if anyone could tell me anything about it from my error report.
Here is my system configuration.
Model: iMac7,1, BootROM IM71.007A.B03, 2 processors, Intel Core 2 Duo, 2.8 GHz, 4 GB
Graphics: kHW_ATIr600M76Item, ATI,RadeonHD2600, spdisplays_pcie_device, 256 MB
Memory Module: global_name
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0x88), Broadcom BCM43xx 1.0 (5.10.91.21)
Bluetooth: Version 2.1.9f10, 2 service, 1 devices, 1 incoming serial ports
Network Service: AirPort, AirPort, en1
Serial ATA Device: WDC WD3200AAJS-40VWA1, 298.09 GB
Parallel ATA Device: MATSHITADVD-R UJ-875
USB Device: Built-in iSight, (null) mA
USB Device: IR Receiver, (null) mA
USB Device: Bluetooth USB Host Controller, (null) mA
And the error bit.
Interval Since Last Panic Report: 785814 sec
Panics Since Last Report: 1
Anonymous UUID: 95AE5A9D-A6CB-45DA-9E1B-4E0CB070EBB9
Sat Feb 13 18:06:26 2010
panic(cpu 1 caller 0x001AB0FE): Kernel trap at 0x006dd623, type 14=page fault, registers:
CR0: 0x80010033, CR2: 0x4d521e58, CR3: 0x011bd000, CR4: 0x00000660
EAX: 0x4d521e58, EBX: 0x6555aee8, ECX: 0x4f301040, EDX: 0xff888386
CR2: 0x4d521e58, EBP: 0x5522ba08, ESI: 0x6555a000, EDI: 0x6555aeec
EFL: 0x00010286, EIP: 0x006dd623, CS: 0x00000008, DS: 0x07210010
Error code: 0x00000002
Backtrace (CPU 1), Frame : Return Address (4 potential args on stack)
0x5522b7c8 : 0x12b4c6 (0x45f91c 0x5522b7fc 0x13355c 0x0)
0x5522b818 : 0x1ab0fe (0x469a98 0x6dd623 0xe 0x469248)
0x5522b8f8 : 0x1a1713 (0x5522b910 0x0 0x5522ba08 0x6dd623)
0x5522b908 : 0x6dd623 (0xe 0x48 0x55220010 0x6d0010)
0x5522ba08 : 0x6e8bde (0x6555a000 0x4f301040 0x22040 0xff888387)
0x5522ba38 : 0x6eaea3 (0x46b50000 0x5522bb54 0x5ad040 0x50)
0x5522baa8 : 0x6ebc44 (0x46b50000 0x5522bb54 0x85e1680 0x1)
0x5522bb18 : 0x6e5bf7 (0x46b50000 0x5522bb54 0x46b500cc 0x6e9f2d)
0x5522bb88 : 0x6bf0a9 (0x46b50000 0x5522bc60 0x0 0x0)
0x5522bc88 : 0x43faec (0x46b50000 0x1 0x5522bcdc 0x5522bcd8)
0x5522bcf8 : 0x444345 (0x46b50000 0x1 0x74e04cc 0x1)
0x5522bd28 : 0x44445c (0x46b50000 0x1 0x74e04cc 0x5522bd58)
0x5522bd68 : 0x18ac09 (0x46b50000 0x1 0x74e04cc 0x81fc8b8)
0x5522bdb8 : 0x12d4d6 (0x81fc884 0x87d3a98 0x5522bdf8 0x11f1c6)
0x5522bdf8 : 0x1264fa (0x81fc800 0x6a72da8 0x749945c 0x0)
0x5522bf08 : 0x198fa3 (0x5522bf44 0x0 0x0 0x0)
Backtrace continues...
Kernel loadable modules in backtrace (with dependencies):
com.apple.ATIRadeonX2000(5.4.8)@0x6b5000->0x781fff
dependency: com.apple.iokit.IONDRVSupport(1.7.3)@0x6a7000
dependency: com.apple.iokit.IOPCIFamily(2.6)@0x5db000
dependency: com.apple.iokit.IOGraphicsFamily(1.7.3)@0x68a000
BSD process name corresponding to current thread: WindowServer
Mac OS version:
9L31a
Kernel version:
Darwin Kernel Version 9.8.0: Wed Jul 15 16:55:01 PDT 2009; root:xnu-1228.15.4~1/RELEASE_I386
System model name: iMac7,1 (Mac-F42386C8)
System uptime in nanoseconds: 2447363858649
unloaded kexts:
com.apple.driver.InternalModemSupport 2.4.0 - last unloaded 258797774442
loaded kexts:
com.google.filesystems.fusefs 2.0.3
com.parallels.kext.prl_vnic 5.0 9220.531002
com.parallels.kext.prl_netbridge 5.0 9220.531002
com.parallels.kext.prl_usb_connect 5.0 9220.531002
com.parallels.kext.prl_hid_hook 5.0 9220.531002
com.parallels.kext.prl_hypervisor 5.0 9220.531002
com.apple.driver.AppleHIDKeyboard 1.0.9b4 - last loaded 20798031466
com.apple.driver.AppleBluetoothHIDMouse 1.2.4b3
com.apple.driver.IOBluetoothBNEPDriver 2.1.9f10
com.apple.driver.InternalModemSupport 2.4.0
com.apple.filesystems.autofs 2.0.2
com.apple.driver.AppleHDAPlatformDriver 1.7.1a2
com.apple.iokit.IOBluetoothSerialManager 2.1.9f10
com.apple.driver.AppleHDAHardwareConfigDriver 1.7.1a2
com.apple.driver.AppleHDA 1.7.1a2
com.apple.driver.AppleUpstreamUserClient 2.7.5
com.apple.kext.ATY_Hypoprion 5.4.8
com.apple.driver.AppleHWSensor 1.9d0
com.apple.driver.AppleGraphicsControl 2.8.15
com.apple.driver.AppleTyMCEDriver 1.0.0d28
com.apple.Dont_Steal_Mac_OS_X 6.0.3
com.apple.driver.AppleHDAController 1.7.1a2
com.apple.ATIRadeonX2000 5.4.8
com.apple.iokit.IOFireWireIP 1.7.7
com.apple.driver.AudioIPCDriver 1.0.6
com.apple.driver.AppleIRController 113
com.apple.driver.ACPI_SMC_PlatformPlugin 3.4.0a17
com.apple.driver.AppleLPC 1.3.1
com.apple.driver.AppleBacklight 1.6.0
com.apple.driver.CSRUSBBluetoothHCIController 2.1.9f10
com.apple.driver.CSRHIDTransitionDriver 2.1.9f10
com.apple.driver.AppleUSBMergeNub 3.5.2
com.apple.iokit.IOSCSIMultimediaCommandsDevice 2.1.1
com.apple.iokit.SCSITaskUserClient 2.1.1
com.apple.driver.XsanFilter 2.7.91
com.apple.iokit.IOATAPIProtocolTransport 1.5.3
com.apple.driver.AppleUSBHub 3.4.9
com.apple.iokit.IOUSBUserClient 3.5.2
com.apple.iokit.IOAHCIBlockStorage 1.2.2
com.apple.iokit.AppleYukon2 3.1.13b2
com.apple.driver.AirPortBrcm43xx 366.91.21
com.apple.driver.AppleFWOHCI 3.9.7
com.apple.driver.AppleAHCIPort 1.7.0
com.apple.driver.AppleIntelPIIXATA 2.0.1
com.apple.driver.AppleUSBEHCI 3.4.6
com.apple.driver.AppleUSBUHCI 3.5.2
com.apple.driver.AppleFileSystemDriver 1.1.0
com.apple.driver.AppleEFINVRAM 1.2.0
com.apple.driver.AppleRTC 1.2.3
com.apple.driver.AppleHPET 1.4
com.apple.driver.AppleACPIPCI 1.2.5
com.apple.driver.AppleACPIButtons 1.2.5
com.apple.driver.AppleSMBIOS 1.4
com.apple.driver.AppleACPIEC 1.2.5
com.apple.driver.AppleAPIC 1.4
com.apple.security.seatbelt 107.12
com.apple.nke.applicationfirewall 1.6.77
com.apple.security.TMSafetyNet 3
com.apple.driver.AppleIntelCPUPowerManagement 76.2.0
com.apple.driver.DiskImages 199
com.apple.BootCache 30.4
com.apple.driver.IOBluetoothHIDDriver 2.1.9f10
com.apple.driver.AppleHIDMouse 1.2.4b3
com.apple.iokit.IOSerialFamily 9.4
com.apple.driver.DspFuncLib 1.7.1a2
com.apple.iokit.IOHDAFamily 1.7.1a2
com.apple.iokit.IOAudioFamily 1.6.9fc5
com.apple.kext.OSvKernDSPLib 1.1
com.apple.iokit.IOUSBHIDDriver 3.4.6
com.apple.driver.IOPlatformPluginFamily 3.4.0a17
com.apple.driver.AppleSMC 2.3.1d1
com.apple.iokit.IONDRVSupport 1.7.3
com.apple.iokit.IOGraphicsFamily 1.7.3
com.apple.driver.AppleUSBBluetoothHCIController 2.1.9f10
com.apple.iokit.IOBluetoothFamily 2.1.9f10
com.apple.driver.AppleUSBComposite 3.2.0
com.apple.iokit.IOSCSIBlockCommandsDevice 2.1.1
com.apple.iokit.IOBDStorageFamily 1.5
com.apple.iokit.IODVDStorageFamily 1.5
com.apple.iokit.IOCDStorageFamily 1.5
com.apple.iokit.IOSCSIArchitectureModelFamily 2.1.1
com.apple.iokit.IO80211Family 216.1
com.apple.iokit.IOFireWireFamily 3.4.9
com.apple.iokit.IOAHCIFamily 1.5.0
com.apple.iokit.IOATAFamily 2.0.1
com.apple.iokit.IOUSBFamily 3.5.2
com.apple.iokit.IONetworkingFamily 1.6.1
com.apple.driver.AppleEFIRuntime 1.2.0
com.apple.iokit.IOSMBusFamily 1.1
com.apple.iokit.IOStorageFamily 1.5.6
com.apple.iokit.IOHIDFamily 1.5.5
com.apple.driver.AppleACPIPlatform 1.2.5
com.apple.iokit.IOACPIFamily 1.2.0
com.apple.iokit.IOPCIFamily 2.6