Not sure if this is a content profile issue or a Ctools issue, but I'll start here. Move it if you'd like.
When creating a new Panel Page, with the context Logged in User, I try to add a relationship to the content_profile. When doing so, this error pops up:
Unable to complete operation. Fatal error in /sites/all/modules/ctools/includes/context.inc on line 137: Call to undefined method stdClass::is_type()
When I look in context.inc, the is_type method is in class ctools_context, but the object doesn't seem to be of that class.
It does however work if I set the user context to a specifik user name.