I also have a problem with the M4 PS...
I've searched in all of the topics, but didn't find the answer yet.
Background info:
I've builded my carpc temporarely into a "aluminium look" suitcase, so I can easaly disconnect a few cables and take out the pc. The power cable plug looks like this:

And with 1 twist I can cut off the V+, ignition and ground at ones.
I've bought my M4 PS about 3 weeks ago and installed it in the suitcase. Everything was working just fine. But it was running on firmware version 1.0 and I wanted to shut down the pc after 15 min in stead of 1 min or 1 hour. So I contacted Laci and he advised me to update the firmware and change the shut-down timers by USB, because of the better shut-down timers in version 1.1.
That's what I did, but there is where the trouble starts...
So now if I turn the ignition on, then the M4 powers up -> I have measured the lines and they are normal: 3.29V, 5.01V, 12.23V etc.
All the fans are running, M4 is powered and also the motherboard, but the computer won't start up?!?!
Looks like the MB missed the startpulse, but even if I make the pulse longer/shorter or later/earlier it doesn't respond
I also noticed that: If I leave the ignition on, disconnect the powerconnector for a sec and plug it back in -> then the M4 starts to blink for 3sec again (power-up delay) and then most of the times (not always) it will power up the computer totally...
I've tried many ways now to start the pc up, but I can't really find the problem...
I'm giving up
Grtz Axel