Exactly the same thing happening to me also in an Acer Aspire One after
upgrading the kernel to 2.6.24-23.48. Fortunately an older kernel was
left so I can boot and work. From the last comments, I understand that
2.6.24-23.49 in the repository does not solve the problem and we have to
wait for 2.6.24-23.50 to fix it.

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Kernel panic after update to 2.6.24-23 on Acer Aspire One netbook
https://bugs.launchpad.net/bugs/322867
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