...so that sounds more like the state that kh's was in.
Yes, it does sound like this.
I just checked all of my Oaks and found they are currently working fine. Last time this happened, it affected a few people simultaneously. We don't seem to have this situation yet, but perhaps you're just the first unlucky one this time exeng. My gut feeling is that this issue is separate to the problems fixed in 1.0.3 to 1.0.5 and we haven't gotten to the bottom of it yet.
Probably the best confirmation that this is the issue is to serial upload the OakSystem sketch with DEBUG_SETUP defined. The serial debug messages will show whether the Oak is successfully handshaking with the Particle Cloud.
To do this, follow steps 4-10 in my post
here, but also define DEBUG_SETUP and make the change on line 128 of OakSystem.ino described
in this post. Afterwards, to go back to the release firmware, follow the
forced serial update procedure.
(Don't compile a user sketch with DEBUG_SETUP defined as it will cause a fatal exception. I haven't found the cause of this yet).