Been there, seen that.
This is a very old problem. BIOS version 1.7 and older had this.
Actually everybody should update BIOS regularly, 2.16 is current.
nemka, do you have access to the router over null modem cable?
If yes, then it is possible to rewrite it by Null Modem Cable.
You can get the latest firmware version from here, http://www.routerboard.com/files/rb-2.18/rc32434-2.18.fwf
Switch on the RouterBOARD,
Find in BIOS ‘Upgrade Firmware version’,
Select Update by g - upgrade firmware,
and s - upgrade firmware over serial port.
Send data by xmodem (new firmware).
Let us know about the results.