[EVO 4G Q&A, Help & Troubleshooting] bluenadas:
Just for a little comparison, here is what I get in logcat when it boots properly. Red line is where you see the PID fault when Wimax is hosed, here the process continues to :

01/15/2012 15:55:16 [INFORMATION] sequans_sdio: Sequans SDIO WiMAX driver, version 4.6.2.4-004
01/15/2012 15:55:16 [INFORMATION] sequans_sdio: Copyright SEQUANS Communications
01/15/2012 15:55:16 [WARNING] mmc_wimax_power
01/15/2012 15:55:17 [WARNING] [SMD][dzt] fifo almost full flag on, name=SMD_DATA5, xfer=35, ulen=20
01/15/2012 15:55:17 [WARNING] [SMD][dzt] name=SMD_DATA5, ch->recv->state=2, ch->send->state=2
01/15/2012 15:55:17 [WARNING] [SMD][dzt] smd_stream_write: name=SMD_DATA5, call notify_modem_smd()
01/15/2012 15:55:17 [WARNING] [SMD][dzt] smd_stream_write: name=SMD_DATA5, return=20
01/15/2012 15:55:17 [WARNING] [SMD][dzt] fifo almost full flag on, name=SMD_DATA5, xfer=15, ulen=6
01/15/2012 15:55:17 [WARNING] [SMD][dzt] name=SMD_DATA5, ch->recv->state=2, ch->send->state=2
01/15/2012 15:55:17 [WARNING] [SMD][dzt] fifo almost full flag off, name=SMD_DATA5, xfer=32752, ulen=51
01/15/2012 15:55:18 [WARNING] mmc_wimax_set_carddetect: 1
01/15/2012 15:55:18 [DEBUG] mmc1: card_present 1
01/15/2012 15:55:18 [WARNING] mmc_wimax_status
01/15/2012 15:55:18 [INFORMATION] mmc1: Slot status change detected (0 -> 1)
01/15/2012 15:55:18 [INFORMATION] mmc_wimax_set_status on:1
01/15/2012 15:55:18 [INFORMATION] sequans_sdio: Driver has been registered
01/15/2012 15:55:19 [INFORMATION] [LS][CM3602] ALS value: 0xC, level: 2 #
01/15/2012 15:55:20 [INFORMATION] [LS][CM3602] ALS value: 0xC, level: 2 #
01/15/2012 15:55:21 [INFORMATION] mmc1: Enable clocks
01/15/2012 15:55:21 [WARNING] [DISP]msmfb_start_dma 20.141 ms after vsync request
01/15/2012 15:55:21 [WARNING] mmc1: card claims to support voltages below the defined range. These will be ignored.
01/15/2012 15:55:21 [INFORMATION] mmc1: new SDIO card at address 0001
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: module parameters: firmware_name='sequans_boot.bin' load_firmware=1
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: found SQN12x0 card
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: trying to find bootloader image: "../../../data/wimax/Boot.bin"
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: loading bootloader to the card...
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: setting MAC address from bootloader: 90:XX:XX:XX:XX:XX
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: bootting the card...
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: done
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: wimax0: Sequans WiMAX adapter
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: wait until FW is started...
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: setup GPIO40 for wakeup form SQN1210
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: KTHP initialized
01/15/2012 15:55:21 [INFORMATION] sequans_sdio: card initialized successfuly
01/15/2012 15:55:24 [INFORMATION] [VIB] Binder Thread #(parent:zygote): vibrates 0 msec
01/15/2012 15:55:24 [INFORMATION] [VIB] Thread-233(parent:zygote): vibrates 1 msec
01/15/2012 15:55:24 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:55:24 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:55:24 [INFORMATION] [VIB] Thread-233(parent:zygote): vibrates 21 mse
01/15/2012 15:55:24 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:55:24 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:55:24 [INFORMATION] [GSNR] Gsensor enable
01/15/2012 15:55:32 [DEBUG] wimax0: no IPv6 routers present
[COLOR="Red"]01/15/2012 15:55:32 [INFORMATION] sequans_sdio: tx_queue len 0, enabling netif_queu[/COLOR]
01/15/2012 15:55:33 [INFORMATION] sequans_sdio: card switched to DROPPED state
01/15/2012 15:55:34 [INFORMATION] sequans_sdio: got RX data, card is not aslee
01/15/2012 15:55:37 [INFORMATION] sequans_sdio: got RX data, card is not aslee
01/15/2012 15:55:37 [INFORMATION] sequans_sdio: WiMAX carrier LOST [ignored]
01/15/2012 15:55:39 [INFORMATION] [VIB] InputReader(parent:zygote): vibrates 0 msec
01/15/2012 15:55:39 [INFORMATION] [VIB] Thread-236(parent:zygote): vibrates 10 msec
01/15/2012 15:55:39 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:55:39 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:55:39 [INFORMATION] [VIB] Thread-236(parent:zygote): vibrates 30 msec
01/15/2012 15:55:39 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:55:39 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:55:39 [INFORMATION] [GSNR] Gsensor disable
01/15/2012 15:55:40 [INFORMATION] sequans_sdio: WiMAX carrier PRESENT [ignored]
01/15/2012 15:55:42 [INFORMATION] [RIL] wds: 0021 @ 01
01/15/2012 15:55:42 [INFORMATION] [RIL] qmi: wds: network stopped
01/15/2012 15:55:42 [INFORMATION] [RIL] rmnet_stop()
01/15/2012 15:55:42 [INFORMATION] [RIL] wds: 0022 @ ff
01/15/2012 15:55:42 [INFORMATION] [RIL] qmi: wds: DISCONNECTED
01/15/2012 15:55:43 [INFORMATION] [Port list] Add port [80]
01/15/2012 15:55:43 [INFORMATION] [Port list] [1] = 80
01/15/2012 15:55:46 [INFORMATION] [GSNR] Gsensor enabl
01/15/2012 15:55:51 [DEBUG] wimax0: no IPv6 routers present
01/15/2012 15:55:57 [INFORMATION] [VIB] InputReader(parent:zygote): vibrates 0 msec
01/15/2012 15:55:57 [INFORMATION] [VIB] Thread-240(parent:zygote): vibrates 10 msec
01/15/2012 15:55:57 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:55:57 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:55:57 [INFORMATION] [VIB] Thread-240(parent:zygote): vibrates 30 msec
01/15/2012 15:55:57 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:55:57 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:56:10 [INFORMATION] sequans_sdio: card switched to IDLE state
01/15/2012 15:56:15 [INFORMATION] mmc1: Bus clock timer expired
01/15/2012 15:56:15 [WARNING] set GPIO40 as waketup source
01/15/2012 15:56:15 [INFORMATION] mmc1: Disable clocks
01/15/2012 15:56:15 [INFORMATION] mmc1: Enable clocks
01/15/2012 15:56:15 [WARNING] disable GPIO40 wakeup source
01/15/2012 15:56:16 [INFORMATION] [VIB] InputReader(parent:zygote): vibrates 0 msec
01/15/2012 15:56:16 [INFORMATION] [VIB] Thread-243(parent:zygote): vibrates 10 msec
01/15/2012 15:56:16 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:56:16 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:56:16 [INFORMATION] [VIB] Thread-243(parent:zygote): vibrates 30 msec
01/15/2012 15:56:16 [INFORMATION] [ATS][set_vibration][successful]
01/15/2012 15:56:16 [INFORMATION] [VIB]vibrator_timer_func
01/15/2012 15:56:18 [INFORMATION] sequans_sdio: waking up the card...
01/15/2012 15:56:18 [INFORMATION] sequans_sdio: wait for completion (timeout 800 msec)...
01/15/2012 15:56:18 [INFORMATION] sequans_sdio: card is waked up successfully