Kernel update has been released. version 3.0.101-0.47.52.1. Information page says

The SUSE Linux Enterprise 11 SP3 kernel was updated to fix a severe regression.

Due to a broken source patch, accessing NFSv4 servers as a client caused Oops messages and program hangs. (bsc#864409,bsc#924282)
https://download.suse.com/Download?buildid=HF9wcsdBjqs~