The solution is to remove the Panasonic P2 cards before putting the computer to sleep. This is an issue with the Panasonic P2 card Macintosh driver. Sonnet is working with Panasonic to resolve this issue.
No, the Qio software is not yet compatible with a Thunderbolt connection. When Qio is compatible, it should work with the Matrox T/ADP Thunderbolt Port Adapter.