Hi,
I've got the same problems and get stuck at the same as you.
But I found something. I use too SSS exemple and I've seen that, if I made any change in Qsys the software don't work and get stuck at
[tse_mac_init]
INFO : TSE MAC 0 found at address 0x0c042000
INFO : PHY Marvell 88E1111 found at PHY address 0x10 of MAC Group[0]
INFO : PHY[0.0] - Automatically mapped to tse_mac_device[0]
INFO : PHY[0.0] - Restart Auto-Negotiation, checking PHY link...
INFO : PHY[0.0] - Auto-Negotiation PASSED
In debug mode make a break and where you are exactly stuck.
Maybe it's like me.
But I succed to use the design without external memory.
Don't make any change at the @ in qsys and do not delete anything or component in qsys.
It is my own experiment maybe you don't have the same things.