For no reason throughout a day my MfE profile keeps dropping the Access point selection and I get a warning that the profile needs to be corrected as the phone tries to auto-sync. This was not present in the prvious f/w version and started the day I installed the new firmware update 2.0 for N97.
This is a N97 black, RM-507, NAM
The specific problem can be resolved. How did you hard reset your phone? You should hard reset your phone (some key combination which I cannot remember, press four keys simultaneously). Then format mass memory. Reinstall the firmware. Otherwise let Nokia Care reflash your phone. I had issues with freezes when I hung up a call, but that was resolved when Nokia Care reflashed my phone.
My phone is currently broken, so I cannot help you further.