I restarted the computer as it suggested. I just repaired permissions earlier this morning before this incident happened telling me to restart. However, after I restarted, it asked if I wanted to send a problem report to Apple. Which I submitted. My concern now is should I be on the lookout for other problems? Any thoughts? Suggestions?
Appears you had a kernel panic. See
About kernel panics,
Technical Note TN2063: Understanding and Debugging Kernel Panics,
Mac OS X Kernel Panic FAQ,
Resolving Kernel Panics, and
Tutorial: Avoiding and eliminating Kernel panics for more details.