It looks like -current fixed your panics, so try boot -c and enable acpi. I'm interrested in knowing if this fixes your problem. But it might not be applicable to you since I couldn't see your dmesg.
I enabled acpi on both the january 31st current kernel and the february 6th current kernel and both hung at the following place while booting: boot hd0a:/bsd.acpifeb6 booting hd0a:/bsd.acpifeb6: ... bunch of strange characters snipped ... using 587568 bytes of bsd ELF symbol table ] Copyright (c) 1982, 1986, 1989, 1991, 1993 The Regents of the University of California. All rights reserved. Copyright (c) 1995-2007 OpenBSD. All rights reserved. http://www.OpenBSD.org OpenBSD 4.0-current (GENERIC.MP) #0: Tue Feb 6 08:57:06 CST 2007 [EMAIL PROTECTED]:/usr/src/sys/arch/amd64/compile/GENERIC.MP real mem = 1071755264 (1046636K) avail mem = 906088448 (884852K) using 22937 buffers containing 107384832 bytes (104868K) of memory mainbus0 (root) bios0 at mainbus0: SMBIOS rev. 2.3 @ 0xf0450 (63 entries) bios0: Dell Inc. PowerEdge SC440 acpi0 at mainbus0: rev 2 acpi0: tables DSDT FACP SSDT APIC BOOT ASF! MCFG HPET acpitimer at acpi0 not configured acpi device at acpi0 from table DSDT not configured acpi device at acpi0 from table FACP not configured acpi device at acpi0 from table SSDT not configured acpimadt0 at acpi0 table APIC addr 0xfee00000: PC-AT compat LAPIC: acpi_proc_id 1, apic_id 0, flags 0x1 cpu0 at mainbus0: apid 0 (boot processor) cpu0: Intel(R) Pentium(R) D CPU 2.80GHz, 2793.46 MHz cpu0: FPU,VME,DE,PSE,TSC,MSR,PAE,MCE,CX8,APIC,SEP,MTRR,PGE,MCA,CMOV,PAT,PSE36,CFLUSH,DS,ACPI,MMX,FXSR,SSE,SSE2,SS,HTT,TM,SBF,SSE3,LONG cpu0: 2MB 64b/line 8-way L2 cache cpu0: apic clock running at 199MHz LAPIC: acpi_proc_id 2, apic_id 1, flags 0x1 cpu1 at mainbus0: apid 1 (application processor) cpu1: Intel(R) Pentium(R) D CPU 2.80GHz, 2793.10 MHz cpu1: FPU,VME,DE,PSE,TSC,MSR,PAE,MCE,CX8,APIC,SEP,MTRR,PGE,MCA,CMOV,PAT,PSE36,CFLUSH,DS,ACPI,MMX,FXSR,SSE,SSE2,SS,HTT,TM,SBF,SSE3,LONG cpu1: 2MB 64b/line 8-way L2 cache LAPIC: acpi_proc_id 3, apic_id 5, flags 0x0 LAPIC: acpi_proc_id 4, apic_id 7, flags 0x0 LAPIC: acpi_proc_id 5, apic_id 0, flags 0x0 LAPIC: acpi_proc_id 6, apic_id 1, flags 0x0 LAPIC: acpi_proc_id 7, apic_id 2, flags 0x0 LAPIC: acpi_proc_id 8, apic_id 3, flags 0x0 IOAPIC: acpi_ioapic_id 8, address 0xfec00000, global_int_base 0x0 ioapic0 at mainbus0 apid 8 pa 0xfec00000, version 20, 24 pins ioapic0: misconfigured as apic 0, remapped to apid 8 OVERRIDE: bus 0, source 0, global_int 2, flags 0 OVERRIDE: bus 0, source 9, global_int 9, flags d LAPIC_NMI: acpi_proc_id ff, local_apic_lint 1, flags d acpi device at acpi0 from table BOOT not configured acpi device at acpi0 from table ASF! not configured acpi device at acpi0 from table MCFG not configured acpi device at acpi0 from table HPET not configured acpiprt0 at acpi0: bus 5 (PCI4) acpiprt1 at acpi0: bus 2 (PCI2) acpiprt2 at acpi0: bus 0 (PCI3) acpiprt3 at acpi0: bus 1 (PCI1) acpiprt4 at acpi0: bus 3 (PCI5) acpiprt5 at acpi0: bus 4 (PCI6) acpiprt6 at acpi0: bus 0 (PCI0) acpibtn at acpi0 not configured pci0 at mainbus0 bus 0: configuration mode 1 pchb0 at pci0 dev 0 function 0 "Intel E7230 MCH" rev 0x00 ppb0 at pci0 dev 1 function 0 "Intel E7230 PCIE" rev 0x00 pci1 at ppb0 bus 1 ppb1 at pci0 dev 28 function 0 "Intel 82801GB PCIE" rev 0x01 pci2 at ppb1 bus 2 ppb2 at pci0 dev 28 function 4 "Intel 82801G PCIE" rev 0x01 pci3 at ppb2 bus 3 ppb3 at pci0 dev 28 function 5 "Intel 82801G PCIE" rev 0x01 pci4 at ppb3 bus 4 bge0 at pci4 dev 0 function 0 "Broadcom BCM5754" rev 0x02, BCM5787 A2 (0xb002): apic 8 int 10 (irq 10), address 00:18:8b:74:fd:8b brgphy0 at bge0 phy 1: BCM5787 10/100/1000baseT PHY, rev. 0 uhci0 at pci0 dev 29 function 0 "Intel 82801GB USB" rev 0x01: apic 8 int 9 (irq 9) usb0 at uhci0: USB revision 1.0 uhub0 at usb0 uhub0: Intel UHCI root hub, rev 1.00/1.00, addr 1 uhub0: 2 ports with 2 removable, self powered uhci1 at pci0 dev 29 function 1 "Intel 82801GB USB" rev 0x01: apic 8 int 5 (irq 5) usb1 at uhci1: USB revision 1.0 uhub1 at usb1 uhub1: Intel UHCI root hub, rev 1.00/1.00, addr 1 uhub1: 2 ports with 2 removable, self powered uhci2 at pci0 dev 29 function 2 "Intel 82801GB USB" rev 0x01: apic 8 int 3 (irq 3) usb2 at uhci2: USB revision 1.0 uhub2 at usb2 uhub2: Intel UHCI root hub, rev 1.00/1.00, addr 1 uhub2: 2 ports with 2 removable, self powered ehci0 at pci0 dev 29 function 7 "Intel 82801GB USB" rev 0x01: apic 8 int 9 (irq 9) usb3 at ehci0: USB revision 2.0 uhub3 at usb3 uhub3: Intel EHCI root hub, rev 2.00/1.00, addr 1 uhub3: 6 ports with 6 removable, self powered ppb4 at pci0 dev 30 function 0 "Intel 82801BA AGP" rev 0xe1 pci5 at ppb4 bus 5 dc0 at pci5 dev 2 function 0 "ADMtek AN983" rev 0x11: apic 8 int 3 (irq 3), address 00:14:bf:5d:99:a4 ukphy0 at dc0 phy 1: Generic IEEE 802.3u media interface, rev. 1: OUI 0x000749, model 0x0001 vga1 at pci5 dev 7 function 0 "ATI ES1000" rev 0x02 wsdisplay0 at vga1 mux 1: console (80x25, vt100 emulation) wsdisplay0: screen 1-5 added (80x25, vt100 emulation) pcib0 at pci0 dev 31 function 0 "Intel 82801GB LPC" rev 0x01 pciide0 at pci0 dev 31 function 1 "Intel 82801GB IDE" rev 0x01: DMA, channel 0 configured to compatibility, channel 1 configured to compatibility atapiscsi0 at pciide0 channel 0 drive 0 scsibus0 at atapiscsi0: 2 targets cd0 at scsibus0 targ 0 lun 0: <HL-DT-ST, CD-ROM GCR-8485B, 1.06> SCSI0 5/cdrom removable cd0(pciide0:0:0): using PIO mode 4, Ultra-DMA mode 2 pciide0: channel 1 ignored (disabled) pciide1 at pci0 dev 31 function 2 "Intel 82801GB SATA" rev 0x01: DMA, channel 0 configured to native-PCI, channel 1 configured to native-PCI pciide1: using apic 8 int 10 (irq 10) for native-PCI interrupt wd0 at pciide1 channel 0 drive 0: <WDC WD800AAJS-18TDA0> wd0: 16-sector PIO, LBA48, 76293MB, 156250000 sectors wd0(pciide1:0:0): using PIO mode 4, Ultra-DMA mode 5 ichiic0 at pci0 dev 31 function 3 "Intel 82801GB SMBus" rev 0x01: apic 8 int 10 (irq 10) iic0 at ichiic0 isa0 at pcib0 isadma0 at isa0 com0 at isa0 port 0x3f8/8 irq 4: ns16550a, 16 byte fifo com0: console pckbc0 at isa0 port 0x60/5 pckbd0 at pckbc0 (kbd slot) pckbc0: using irq 1 for kbd slot wskbd0 at pckbd0: console keyboard, using wsdisplay0 pcppi0 at isa0 port 0x61 midi0 at pcppi0: <PC speaker> spkr0 at pcppi0 uhub0: device problem, disabling port 1 wd0(pciide1:0:0): timeout type: ata c_bcount: 512 c_skip: 0 wd0(pciide1:0:0): timeout type: ata c_bcount: 512 c_skip: 0