ConnectCore 9M cold boot problem with SD Card and QFE 10/2013

I have running BSP 2.2.2 for ConnectCore 9M and always installing latest QFEs. Since I have installed the update from 10/2013 if I trying to do a cold boot with KernelIoControl(IOCTL_HAL_REBOOT,NULL,0,NULL,0,NULL) the system is staying on until I am removing the SD card from the slot.

If the card is not present in the slot during the boot everything is working correctly.

Anyone has experienced this? How do you fix it?