Raspberry Pi 2 V1.2 - Not Working

Looks like back in September the Pi 2 got a chip update (now the same as the Pi 3, but underclocked) - New Raspberry Pi 2B 1.2 with Pi3 BCM2837 Processor – RasPi.TV

Since this update the "new" Pi 2's no longers work with LibreELEC either flashing the .img file from a direct download or via the NOOBs installer.

The installation (via NOOBs) completes but on reboot the system doesn't load and you get 3 or 4 fast flashes of green led followed by 3 or 4 slow flashes of green led. This flash cycle just continues and the system never loads.

Same flash cycle on boot when installed via .img

Quote from Klojum

The RPi very likely needs a firmware upgrade, which isn't yet in your LE installation.
Which LibreELEC version are you trying to install?

Hmm yeah, didn't actually try the old rpi-update, will try that tomorrow.

Using the latest stable release - LibreELEC-RPi2.arm-7.0.2.img.gz