Hopefully you have it working now and my info below is old news:
- ST16 has an issue with micro SD Cards. Sometimes it will say the card has an error, when it doesn't (this is shown on top left of screen). When this happens, it can't read it even when the card does not have an error. The only fix is to turn off the ST16, leave the card in, and turn it back on, then go into FILE MANAGER and try and read the card. If you can read it, you can then do the update.
- BINDING. The Typhoon will only go into binding mode nicely if you did not re-power it on after the TYPHOON update (as in the video). Power it on for the very first time after the ST16 update, and while it is figuring out what the heck it is while booting up, then tilt it forward twice as in the video (notice the amount of time between startup and tilt). To BIND the Typhoon and camera you have to hit refresh while the indicator is blinking orange. The new Typhoon and new camera will show up, as in the video, then select them, enter the password and all should be good. If not... try, try, again.
Good luck.