I have a Transcend 16 GB card, unfortunately both versions (0.1 and 0.2) seem not to work. I have waited several minutes but no access point appears.
I have no serial console attached so I cant give any feedback.
Seems like update from 1.9 to your image does not work!
If you downgrade to 1.6 it works apparently.
When I first migrated off the Transcend firmware it was from Version 1.8. The likelihood is that in version 1.9 the bootloader arrangement was altered in some way to expect something different either as basic as filenames, or perhaps something more meaningful. Either way, it seems premature to close this issue without addressing it more directly.