I have been messing around with Snow Kitty the whole weekend...
I managed to get up and running without Kernel Panics in Snow...
How???

JUST DONT INSTALL THE LATEST CHAMELEON! This is the cause of all random Kernel panics....
Instead use the classic Chameleon v1.0 (bootloader.dmg) and replace the boot file....as many guides mention...
And something else!
Never boot with -f flag....
Hope that helps someone...
I was in front of my computer 2 days in order to solve the random kernel panics problems....he he