And I have found out that the Empeg does NOT do well with wrong cable/terminal settings. As in reboots and hangs until the offending cable is removed. Standard 'issue' here, or should I be worried?

It doesn't do that here but then I only had the baud rate wrong; cable and all the other settings were OK. BTW, how did you manage to reapply the 1.02 upgrade without the proper serial cable?

Borislav