Hi Quentin,
Thank you very much for the pointer! Indeed it was MLO/u-boot incompatibility.
My log at the place your board hangs is
…
Starting Serial Getty on ttyO2…
Started Serial Getty on ttyO2 [ OK ]
[ 14.412506] smsc95xx v1.0.4
Starting Getty on tty1…
Started Getty on tty1 [ OK ]
[ 14.579711] smsc95xx 1-2.1:1.0: eth0: register ‘smsc95xx’ at usb-ehci-omap.0-2.1, smsc95xx USB 2.0 Ethernet, 76:08:6f:cc:93:31
[ 14.591827] usbcore: registered new interface driver smsc95xx
…
So it may be issue with the Ethernet driver. I could send you my images if you wish so you confirm that your hardware is OK?
Best Regards
Dimitar