Conflict between Corolla and Panels?
I'm running Pixture Reloaded, another Adaptivetheme and I use Panels for nearly everything on my site and have experienced no such problems.

I have used both the 2.x and 3.x series with no incidents.

I doubt your problem is Corolla; from your post, it is clear you are still running alpha versions of Panels and Views.  These modules have had stable and security releases for D7-- Views is now version 3.3.  You really need to keep your modules up-to-date when there are security releases

Update all your modules to the latest versions (or at least Ctools, Views, and Panels), run update.php, and then do this:


Enable Corolla.
Clear the cache twice.
Go to the Corolla theme settings page.
Click save.  (It doesn't matter if you make any changes.)
Clear the cache twice again.


This will ensure that all the files that are automatically generated by Corolla have been rebuilt properly and should fix the problem.