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I just upgraded to:
* panels 6.x-3.7
* Views 6.x-2.11
* Chaos tool suite 6.x-1.7
* Views Bonus Pack 6.x-1.1
On updating I had the message - "Fatal error: Call to undefined function panels_render_layout() in ... sites/all/modules/panels/panels.module on line 1541"
Reverting to panels 6.x-3.5 fixed the error although I now have a warning "There are currently no style types available to add. You should enable a module that utilizes them, such as Panels." (Panels is in fact enabled)