RAX200 - WPS light continues blinking. Already tried rebooting.

I'm also getting the same problem; router is currently on firmware version V1.0.2.88_1.0.50.  Looks like there's a new beta version for download - V1.0.2.92_1.0.50_beta - on the Netgear support site.  The release notes for it sucks - just says "security fix" and no other details.  Hesitant to push this to my router since it's beta and I have no idea what's in it.  I'm actually disappointed in the new products from NetGear.  I also purchased the EAX80 and having disconnect issues with EAX80 extender.  But I digress. These issues are serious which cause core functionalities and security risks.  Support is par at best.  These problems shouldn't even be happening if these products/firmwares are thoroughly tested before release (serious QA control).  And when these problems are reported, they should be fixed immediately, not wait for months on end without any updates.  I used to be a fan of Netgear and a huge advocate for their products.  I've already invested in these products and can't return them because my return window has passed.  Now all I can do is just wait and wait and wait for firmware updates in the hopes that these updates will fix these core issues.  If not, I might just consider dumping them for a loss and getting a new router/extender or mesh system from another vendor.