Regrettably I dont think so, when you power up the unit from USB or the bike, the Power LED over at one end by itself should just flash green, if there are no networks configured then the LED at the other end should go solid green, if there is a network configured and that was the last connection made then the middle LED should flash until it establishes the infrastructure connection, if the network is missing or wont allow connection then it will go red
What you are telling me is the first LED or power LED is going red and that would indicate the unit is not booting correctly, it could occur if there was a fault/corrupt firmware
One way I can think of firmware corruption happening is if it was told to update and the update file was received from the web but the unit was depowered part way through the actual install of the firmware. It is unlikely but would be possible
The update process is to download the file, decompress it then install it, there are actually 4 progress bars in the update system when you do it from the web interface, there have been improvements in how well it indicates progress over the last 6 months