hye guys, im in the same boat... Just got mine yesterday.... worked for about 3 hours, turned it off then back on, now i got the KERNEL PANIC! blue icon in the middle of the screen. I emailed the company, all they have told me so far was to reboot the system then immediately press and hold, in this order, menu, power, then the black circle button... keep holding until a new screen comes up that says, "press the required keys for a factory reset", which is the same thing, press all 3 simultaneously. For me, didnt work. So i've been playing with it ever since. I did find a recovery mode tho.... turn on the pad, then immediately press and hold home and the vol- for 4-5 seconds, release and shortly after you should get the android recovery screen. use the vol keys to move and the menu key to select. try the wipe cache, and the factory reset. hopefully this will help you guys, so far for me.... nothin.... still workin on it tho.
Thanks for the tip on button combos to get it to work.
I managed to get mine to work by using a similar process. I pressed; home, black circle then the power button. At the factory reset message I pressed them all again and it reloaded the OS image, reset and loaded up.