Bug opened up here:
http://community.openvpn.net/openvpn/ticket/418
Logcat:
07-01 01:59:27.661 I/ActivityManager( 833): Timeline: Activity_launch_request id:net.openvpn.openvpn time:6743131
07-01 01:59:27.669 I/ActivityManager( 474): START u0 {act=android.intent.action.MAIN cat=[android.intent.category.LAUNCHER] flg=0x10200000 cmp=net.openvpn.openvpn/.OpenVPNClient bnds=[360,640][360,640]} from pid 833
07-01 01:59:27.692 I/ActivityManager( 474): Start proc net.openvpn.openvpn for activity net.openvpn.openvpn/.OpenVPNClient: pid=21159 uid=10161 gids={50161, 3003, 1028, 1023}
07-01 01:59:27.872 D/dalvikvm(21159): DexOpt: couldn't find field Landroid/app/ActivityThread;.mActiveResources
07-01 01:59:27.872 W/dalvikvm(21159): VFY: unable to resolve instance field 1
07-01 01:59:27.872 D/dalvikvm(21159): VFY: replacing opcode 0x54 at 0x0006
07-01 01:59:27.872 D/dalvikvm(21159): DexOpt: couldn't find field Landroid/app/ActivityThread;.mPackages
07-01 01:59:27.872 W/dalvikvm(21159): VFY: unable to resolve instance field 4
07-01 01:59:27.872 D/dalvikvm(21159): VFY: replacing opcode 0x54 at 0x0000
07-01 01:59:27.895 D/OpenVPNClient(21159): CLI: onCreate intent=Intent { act=android.intent.action.MAIN cat=[android.intent.category.LAUNCHER] flg=0x10200000 cmp=net.openvpn.openvpn/.OpenVPNClient bnds=[360,640][360,640] }
07-01 01:59:28.208 D/dalvikvm(21159): Trying to load lib /data/app-lib/net.openvpn.openvpn-1/libovpncli.so 0x41bd1d50
07-01 01:59:28.215 D/dalvikvm(21159): Added shared lib /data/app-lib/net.openvpn.openvpn-1/libovpncli.so 0x41bd1d50
07-01 01:59:28.215 D/dalvikvm(21159): No JNI_OnLoad found in /data/app-lib/net.openvpn.openvpn-1/libovpncli.so 0x41bd1d50, skipping init
07-01 01:59:28.215 D/OpenVPNService(21159): PolarSSL self test: not compiled
07-01 01:59:28.223 D/AppRate (21159): init
07-01 01:59:28.270 D/OpenVPNClient(21159): CLI: onStart
07-01 01:59:28.286 D/OpenVPNService(21159): SERV: Service onCreate called
07-01 01:59:28.286 D/OpenVPNService(21159): SERV: crypto_self_test
07-01 01:59:28.286 D/OpenVPNService(21159): PolarSSL self test: not compiled
07-01 01:59:28.286 I/JellyBeanHack(21159): Build.VERSION.SDK_INT=19
07-01 01:59:28.294 D/ProxyList(21159): ProxyList.load: no proxy file present
07-01 01:59:28.294 D/OpenVPNService(21159): SERV: onBind intent=Intent { act=net.openvpn.openvpn.BIND cmp=net.openvpn.openvpn/.OpenVPNService }
07-01 01:59:28.380 D/libEGL (21159): loaded /vendor/lib/egl/libEGL_POWERVR_SGX540_120.so
07-01 01:59:28.387 D/libEGL (21159): loaded /vendor/lib/egl/libGLESv1_CM_POWERVR_SGX540_120.so
07-01 01:59:28.387 D/libEGL (21159): loaded /vendor/lib/egl/libGLESv2_POWERVR_SGX540_120.so
07-01 01:59:28.458 D/OpenGLRenderer(21159): Enabling debug mode 0
07-01 01:59:28.465 D/PrefUtil(21159): get_boolean: pause_vpn_on_blanked_screen=false
07-01 01:59:28.465 I/OpenVPNService(21159): ConnectivityReceiver: CONNECTIVITY_ACTION conn=true fo=false
07-01 01:59:28.465 D/OpenVPNClientBase(21159): CLIBASE: onServiceConnected: net.openvpn.openvpn.OpenVPNService@41f48678
07-01 01:59:28.465 D/OpenVPNService(21159): SERV: client attach n_clients=1
07-01 01:59:28.465 D/OpenVPNClient(21159): CLI: post bind
07-01 01:59:28.536 D/OpenVPNService(21159): SERV: refresh profiles:
07-01 01:59:28.661 I/ActivityManager( 474): Displayed net.openvpn.openvpn/.OpenVPNClient: +979ms
07-01 01:59:28.661 I/ActivityManager( 474): Timeline: Activity_windows_visible id: ActivityRecord{41be7b90 u0 net.openvpn.openvpn/.OpenVPNClient t28} time:6744128
07-01 01:59:28.700 I/ActivityManager(21159): Timeline: Activity_idle id: android.os.BinderProxy@41bcf990 time:6744167
07-01 01:59:31.590 W/InputMethodManagerService( 474): Window already focused, ignoring focus gain of: com.android.internal.view.IInputMethodClient$Stub$Proxy@426898b8 attribute=null, token = android.os.BinderProxy@42751cd8
07-01 01:59:32.872 I/ActivityManager(21159): Timeline: Activity_launch_request id:net.openvpn.openvpn time:6748338
07-01 01:59:32.872 I/ActivityManager( 474): START u0 {cmp=net.openvpn.openvpn/.FileDialog (has extras)} from pid 21159
07-01 01:59:33.247 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.247 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.255 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.262 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.270 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.270 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.286 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.286 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.294 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.301 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:33.403 I/ActivityManager( 474): Displayed net.openvpn.openvpn/.FileDialog: +389ms
07-01 01:59:33.708 I/ActivityManager(21159): Timeline: Activity_idle id: android.os.BinderProxy@41fba728 time:6749178
07-01 01:59:33.755 I/ActivityManager( 474): Timeline: Activity_windows_visible id: ActivityRecord{41bf2448 u0 net.openvpn.openvpn/.FileDialog t28} time:6749225
07-01 01:59:33.770 D/OpenVPNClient(21159): CLI: onStop
07-01 01:59:34.137 W/Resources(21159): Converting to string: TypedValue{t=0x12/d=0x0 a=2 r=0x7f0a0045}
07-01 01:59:39.114 D/OpenVPNClient(21159): CLI: onActivityResult request=2 result=-1
07-01 01:59:39.114 D/OpenVPNClient(21159): CLI: IMPORT_PROFILE: /sdcard/vpn.ovpn
07-01 01:59:39.114 D/OpenVPNClient(21159): CLI: onStart
07-01 01:59:39.176 D/OpenVPNService(21159): SERV: onStartCommand action=net.openvpn.openvpn.ACTION_IMPORT_PROFILE_VIA_PATH
07-01 01:59:39.231 I/OpenVPNService(21159): EVENT: PROFILE_MERGE_EXCEPTION info='line too long'
07-01 01:59:39.286 I/ActivityManager(21159): Timeline: Activity_idle id: android.os.BinderProxy@41bcf990 time:6754751
07-01 01:59:39.575 I/ActivityManager( 474): Timeline: Activity_windows_visible id: ActivityRecord{41be7b90 u0 net.openvpn.openvpn/.OpenVPNClient t28} time:6755041
07-01 01:59:42.442 V/PanelView( 632): animationTick called with dtms=0; nothing to do (h=346.0 v=956.39233)
07-01 01:59:42.442 V/PanelView( 632): animationTick called with dtms=-11; nothing to do (h=346.0 v=956.39233)
07-01 01:59:43.825 V/PanelView( 632): animationTick called with dtms=0; nothing to do (h=1184.0 v=-4000.0)