Thanks for the report. Sorry to hear about the kernel panics you have been experiencing.
In theory, it should be impossible for any application (or application plug-in, which is essentially what a Mac OS X screen saver module is) to cause a kernel panic, no matter how badly behaved the application (or plug-in). The worst problem that you should encounter is an "Application unexpectedly quit" problem. In practice, there are bugs in the OS and/or drivers that can cause kernel panics. These bugs tend to be intermittent, although they may be regularly reproducible on certain system configurations.
Please report the details to us (
www.orderndev.com, via our feedback page) with as much detail on your configuration and the steps to reproduce as possible. I'd recommend also reporting the problem to Apple.
I take it from your report that this kernel panic is only triggered with MA Time, not MA 2, is this correct? Have you changed/updated the drivers for your video card or are you using the ones that came with your system?