MBP 8,2 HIS II DL-195 adapter not working

[earle]

This adapter originally worked fine on OSX 10.7.5, then after updating to 10.8.0 it stopped working in July 2012.

I have since reformatted with a fresh 10.8.2 and tried the new 2.0 alpha driver and it looks like the exact same errors.

2/25/13 2:22:43.000 PM kernel[0]: USBF: 6660. 60 [0xffffff8027a87800] The IOUSBFamily is having trouble enumerating a USB device that has been plugged in. It will keep retrying. (Port 2 of Hub at 0xfd100000)
2/25/13 2:22:43.000 PM kernel[0]: USBF: 6660.802 [0xffffff8027a87800] The IOUSBFamily has successfully enumerated the device.
2/25/13 2:22:43.000 PM kernel[0]: considerRebuildOfPrelinkedKernel prebuild rebuild has expired
2/25/13 2:22:49.000 PM kernel[0]: USBF: 6666.699 AppleUSBEHCI[0xffffff80277d2000]::Found a transaction which hasn't moved in 5 seconds on bus 0xfd, timing out! (Addr: 4, EP: 0)

FYI This adapter works fine with Windows.

As seen from System Info
DL-195 Adapter:

Product ID: 0x028f
Vendor ID: 0x17e9 (DisplayLink (UK) Ltd.)
Version: 1.24
Serial Number: 109480
Speed: Up to 480 Mb/sec
Manufacturer: DisplayLink
Location ID: 0xfd120000 / 4
Current Available (mA): 500
Current Required (mA): 500