Being able to get dual purpose out of a rod may be stretching it. I could see you getting a walleye rod but to make it work well for panfish you would have to change line and add a spring bobber. Then changing it back to target the other species. For me I would go with 2 different combos.
The legend ice rods sure look nice but I think you can get some good combos for about half that money. Look at there premier rods. The pir28ml is a good walleye rod when paired up with 4 or 6# test. They have these is ultalight models also and only run $20 on there site. Think I paid $24 last year at a bait shop.
For pan fish reels these are still my favorite when paired up with 2# test. They will also handle a walleye or pike and I think a ton of fun to do so when put to the test.
NT ice reels
There are also many good light spinning reels that would work. Some one else will need to suggest one to you as I havent been using any for a good number of years.
Hope this helps.