This seems pretty similar to:
https://bugs.staging.launchpad.net/ubuntu/+bug/277868

I'm affected too in my Inspiron 8500 with D-Link DWL-650+ wireless card,
after doing a release upgrade from Kubuntu 8.04 to 8.10 when I was
unable to write or move the mouse and the lights from the computer where
blinking. I restart the computer and got the same result several times
(after some seconds or inmediatly). I then follow the advise to
blacklist the acx, and was able to start the computer without wireless.

I could post more info upon request. I would love to post my dmesg but I
don't know how to extract it once the computer freezes.

Regards

-- 
[intrepid] Kernel panic with acx driver
https://bugs.launchpad.net/bugs/279287
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