Genxweb, what's up, homie?
I have the same card, I broke it last year at work in RI following a howto on soldering an external antenna to it.
I tried it in my Axim and get the same results.
Luckily, the Dell TrueMobile 1180 that work gave me to go with my Axim works with OZ 3.5.1 so I don't have to buy a new one.
In case you can't tell, I'm not posting to help, just to say hi.