Kernel panic in blued on laptop start-up (OSX Lion)

[jfoxny]

I recently switched from Parallels 7 to Virtual Box 4.1.8 because Parallels was causing kernel panics on start-up from the blued (bluetooth daemon) process. However, I've found that Virtual Box is causing the same kernel panics. This leads me to believe that it's an issue with Mac OSX Lion and not the virtualization software. Has anyone else experienced this?

The main symptoms that I see are on start-up (or wake from sleep). My bluetooth trackpad will not connect and OSX will display several "Connected", "Disconnected" messages regarding the trackpad. After numerous messages the kernel panic will occur. Looking in the Console log the panic always happens in the blued process (same behavior with Parallels). Oddly, my bluetooth keyboard always connects without issue. I've attached an example Virtual Box panic and a Parallels panic message.

I've read through the posts regarding kernel panics but there doesn't seem to be much of a solution except possibly downgrading to a specific older version of Virtual Box. Any help on this issue would be much appreciated.

Thanks in advance,
Jason

PS - Running OSX Lion v10.7.2 on the most recent (2011) MacBook Air.