This morning I discovered that the Atahualpa theme option menu had stopped working on a number of WP installations, with all menu options returning to the initial landing page.
I worked out that this was only happening on those sites on which I'd installed the MP6 (admin UI hack / re-styling) plugin, which had recently upgraded to version 2.0. Deactivating MP6 (which is mainly cosmetic anyhow) solved the problem and restored full admin functionality.
Just a quick heads-up in case anyone else is experiencing a similar issue with the Atahualpa admin menu.