It sounds like it isn't resetting properly. Either it isn't seeing PA7 pulled low or the CPU Reset isn't working properly. Are you sure both RESET and HALT are being driven for the required time?
The 4.2us |cyclic reset" looks like the Bus Monitor going off. That implies it may be trying to boot from an external ROM. Are any of the other memory signals being driven?
I would suggest going through the schematic again. Make sure all the power pins are connected properly.There may be a mistake converting the schematic to the PCB layout, so I'd validate the layout by visually following every pin connection referenced to the pin names in the Reference Manual. That's on the PCB Layout, not the Schematic.
Are you using PGA or TQFP? You're lucky you're not using BGA, so you can get an oscilloscope onto every pin on the chip. and verify the levels and clocks.
Given you have a previous working product, get an old and new one side-by-side and then wire them into "permanent reset" with the POR chip driving both RESET and HALT. Then compare every pin between the good and bad boards, looking for differences. If that doesn't show anything, rig an oscillator to cyclically reset both boards, and then compare the pins at different times during the reset cycle, looking for differences.
Tom