Automatically Reboot after a Kernel Panic
Set the "/proc" var (via /etc/sysctl.conf) kernel.panic to the amount of
seconds you like the panic screen stays on. After that amount of time the
server will boot.
Note that this is probably a bad idea, since if a computer panics there is probably a reason for it and you'd like to study and correct that reason; masking it with an auto-reboot will probably act as a disincentive to correct the problem.
(Method seen on the CentOS mailing list; commentary mine.)