I am having the exact same problem. I have AS 3.8, Mobile03SE, ROM A05, Plus I have a Lexar SD card (which I don't believe is the issue). I have done a hard reset and restore on my Axim. I have uninistalled and reinstalled Activesync several times and I have even deleted the MSactivsync folder in the programs folder.
Still, no luck. I did a system restore on the PC, which is also a Dell with WinXP Home - no luck. I did another system restore dated even further back. Got everything working until, My system did a Windows update. Now I am back to square one :realmad:
Now I have a total of 17 updates to weed through to determine which one has caused ActiveSTINK to fail.
Has anyone else had these issues or am I the lucky on?