I got a similar error the first time I clicked Preferences - I had just installed .90 and had not changed the UI at all from whatever I had set up under .51.
ERROR: ERROR: Unhandled exception: <b>KeyError</b>:u'timestamp'
Traceback (most recent call last):
File "site-packages\calibre\gui2\ui.py", line 2225, in do_config
File "site-packages\calibre\gui2\dialogs\config\__init__.py", line 373, in __init__
KeyError: u'timestamp'
But the fix is the same : shut down calibre, delete the "column map" section from gui.py, restart calibre, preferences works again.
Windows Vista/7 folks: your 'calibre configuration' directory is in c:\Users\<username>\AppData\Roaming\calibre. Hope that saves some of you some time!