I can confirm that it still occirs with the latest kernel
Linux panda-beta2 3.2.0-1411-omap4 #14-Ubuntu SMP PREEMPT Tue Mar 27 16:28:06
UTC 2012 armv7l armv7l armv7l GNU/Linux
** Changed in: linux-ti-omap4 (Ubuntu)
Status: Incomplete => Confirmed
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https://bugs.launchpad.net/bugs/799921
Title:
Pandaboard does not shutdown properly
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