Fixed by backport of:
    ------------------------------------------------------------
    revno: 3402.50.156
    committer: Jon Olav Hauglid <jon.hauglid@oracle.com>
    branch nick: mysql-trunk-test
    timestamp: Wed 2012-02-08 14:10:23 +0100
    message:
      Bug#13417754 ASSERT IN ROW_DROP_DATABASE_FOR_MYSQL DURING DROP SCHEMA
      
      This assert could be triggered if an InnoDB table was being moved
      to a different database using ALTER TABLE ... RENAME, while this
      database concurrently was being dropped by DROP DATABASE.
      
      The reason for the problem was that no metadata lock was taken
      on the target database by ALTER TABLE ... RENAME.
      DROP DATABASE was therefore not blocked and could remove
      the database while ALTER TABLE ... RENAME was executing. This
      could cause the assert in InnoDB to be triggered.
      
      This patch fixes the problem by taking a IX metadata lock on
      the target database before ALTER TABLE ... RENAME starts
      moving a table to a different database.
      
      Note that this problem did not occur with RENAME TABLE which
      already takes the correct metadata locks.
      
      Also note that this patch slightly changes the behavior of
      ALTER TABLE ... RENAME. Before, the statement would abort and
      return an error if a lock on the target table name could not
      be taken immediately. With this patch, ALTER TABLE ... RENAME
      will instead block and wait until the lock can be taken 
      (or until we get a lock timeout). This also means that it is
      possible to get ER_LOCK_DEADLOCK errors in this situation
      since we allow ALTER TABLE ... RENAME to wait and not just
      abort immediately.