I am running osx 10.8.2 if that matters
Well, it helps to exclude this:
If you are running 10.5, you should not upgrade yet.
Like psy suggested, if the wallet.dat is the only db left and you still get the error, then the wallet.dat is probably in a bad state.
So to know for sure, move it aside (e.g., rename it to wallet.dat.tmp or something) and let the client re-download the blockchain and create the empty wallet.
But that doesn't solve your problem if the wallet.dat is in a bad state. Did you have a recent backup of it?