My Bubba 2 stopped responding yesterday

I was able to login via ssh but for instance the htop command would freeze the console, same thing with a ps aux. The load on the system was over the top (about 59.0), the system was very unresponsive. I checked vmstat and there was no activity. Since more or less 38 days ago I had the system frozen because hald was using up all the swap and memory available, I thought that it was the same issue (a buggy hald).
I tried to reboot but the system didn't come up, the led just kept blinking so I had to unplug bubba...
I was able to login using the rescue image. There are lots of kernel Oops in /var/log/kern.log, for instance:
Code: Select all
Sep 29 18:33:35 bubba kernel: Unable to handle kernel paging request for data at address 0x419c01ec
Sep 29 18:33:35 bubba kernel: Faulting instruction address: 0xc00e38d0
Sep 29 18:33:35 bubba kernel: Oops: Kernel access of bad area, sig: 11 [#2]
Sep 29 18:33:35 bubba kernel: MPC831x RDB
Sep 29 18:33:35 bubba kernel: Modules linked in: iptable_filter ip_tables x_tables nfsd nfs_acl exportfs dm_snapshot dm_mirror
dm_region_hash dm_log mpc8xxx_wdt usbhid
Sep 29 18:33:35 bubba kernel: NIP: c00e38d0 LR: c00e41b0 CTR: 00000008
Sep 29 18:33:35 bubba kernel: REGS: c0e01cf0 TRAP: 0300 Tainted: G D (2.6.32.13)
Sep 29 18:33:35 bubba kernel: MSR: 00009032 <EE,ME,IR,DR> CR: 84008424 XER: 20000000
Sep 29 18:33:35 bubba kernel: DAR: 419c01ec, DSISR: 20000000
Sep 29 18:33:35 bubba kernel: TASK = c5cf80c0[3990] 'imapd' THREAD: c0e00000
When I try to boot the disk seems to be power cycling at 3 to 5 second intervals (more or less) just as if the disk loses power, will open bubba next to see if there's a loose cable or something.
Does anybody have suggestions to diagnose this problem? Any help will be very much appreciated!
Thanks,
Helder