Ambient Panel seems buggy

[Gulliver]

I am having troubles with MOS, I made adeafult install and when tweaking my panel settings after one of the reboots, I got the following scrambled dock (see at the bottom of the screen grab).
Upon boot, no panel is visible, but whenever I drag any window over that area, the trail gets drawn right where the dock was supposed to be.

[Gulliver]

Thanks for the replies.

@itix
I will send you the panel config via PM, just give me a couple of minutes.

Update: Panel config is attached to this post. Rename .zip to .lha

Update2:
I just deleted the panel prefs, rebooted and now everything seems fine.