I understand the flash save problem. We have exactly the same issue with our products. We need to save to flash once we detect a power off although we actually have an supply value rather than a simple binary good/bad indicator. I don't know the timing constraints on the empeg but I'm sure a small delay (OK maybe not 10ms) won't cause too many problems.
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Christian
#40104192 120Gb (no longer in my E36 M3, won't fit the E46 M3)