Could someone please test/reproduce the following:
On your DHCP server set the option 42 (NTP server) to a valid value (e.g. "pool.ntp.org") and reboot your red afterwards.
You should see the device booting normally, but freeze after receiving the DHCP lease (DHCP ACK). The LEDs 'Power' and 'Tunnel' will be active, the LEDs 'System' and 'Internet' will blink synchronous. The device is not pingable and the tunnel is not established. There is communication between the RED and the ASG.
This is reproducible with a router running OpenWRT Backfire (10.3), which uses dnsmasq v2.52 as DHCP server.
Can anyone confirm this as a bug?!