WARNING: at /build/buildd/linux-2.6.31/net/sched/sch_generic.c:246 dev_watchdog+0x1f6/0x210()

[Madasamy]

When i am entering into the system, in the top right hand side nearby the welcome button, there was a button says " I am encountering a dserious Kernel problem ". So just instructed me to help the developers to fix the bug otherwise my system may go unstable.
I don understand what the actual problem is.

ProblemType: KernelOops
Annotation: Your system might become unstable now and might need to be restarted.
Architecture: i386
ArecordDevices:
 **** List of CAPTURE Hardware Devices ****
 card 0: SB [HDA ATI SB], device 0: VT1708S Analog [VT1708S Analog]
   Subdevices: 2/2
   Subdevice #0: subdevice #0
   Subdevice #1: subdevice #1
AudioDevicesInUse:
 USER PID ACCESS COMMAND
 /dev/snd/controlC0: madasamy 1722 F.... pulseaudio
CRDA: Error: [Errno 2] No such file or directory
Card0.Amixer.info:
 Card hw:0 'SB'/'HDA ATI SB at 0xfbcf4000 irq 16'
   Mixer name : 'VIA VT1708S'
   Components : 'HDA:11060397,104383b7,00100000'
   Controls : 28
   Simple ctrls : 16
Date: Mon Jan 4 07:28:03 2010
DistroRelease: Ubuntu 9.10
Failure: oops
HibernationDevice: RESUME=UUID=26fbfab5-a6f1-4c8c-9859-2406439d291d
InstallationMedia: Ubuntu 9.10 "Karmic Koala" - Release i386 (20091028.5)
IwConfig:
 lo no wireless extensions.

 eth0 no wireless extensions.
MachineType: System manufacturer System Product Name
Package: linux-image-2.6.31-14-generic 2.6.31-14.48
ProcCmdLine: BOOT_IMAGE=/boot/vmlinuz-2.6.31-14-generic root=UUID=b961b618-9c1c-43af-b6c1-27750d4951a5 ro quiet splash
ProcVersionSignature: Ubuntu 2.6.31-14.48-generic
RelatedPackageVersions:
 linux-backports-modules-2.6.31-14-generic N/A
 linux-firmware 1.24
RfKill:

SourcePackage: linux
Tags: kernel-oops
Title: WARNING: at /build/buildd/linux-2.6.31/net/sched/sch_generic.c:246 dev_watchdog+0x1f6/0x210()
Uname: Linux 2.6.31-14-generic i686
dmi.bios.date: 04/23/2009
dmi.bios.vendor: American Megatrends Inc.
dmi.bios.version: 0206
dmi.board.asset.tag: To Be Filled By O.E.M.
dmi.board.name: M2A74-AM
dmi.board.vendor: ASUSTeK Computer INC.
dmi.board.version: Rev X.0x
dmi.chassis.asset.tag: Asset-1234567890
dmi.chassis.type: 3
dmi.chassis.vendor: Chassis Manufacture
dmi.chassis.version: Chassis Version
dmi.modalias: dmi:bvnAmericanMegatrendsInc.:bvr0206:bd04/23/2009:svnSystemmanufacturer:pnSystemProductName:pvrSystemVersion:rvnASUSTeKComputerINC.:rnM2A74-AM:rvrRevX.0x:cvnChassisManufacture:ct3:cvrChassisVersion:
dmi.product.name: System Product Name
dmi.product.version: System Version
dmi.sys.vendor: System manufacturer