The status page tells me to wait while it collects entropy. The little console says it needs entropy. So I waited for an hour, and nothing changed. The console gets stuck at gathering "enough entropy," and it doesn't react to ctrl+c. I had to "X" out the console after an hour, and rebooted, deleted the freenet folder again; tried over several times. The console shut down as before 3 out of 5 tries. The other 2 tries it just got stuck at the point where it tries to gather enough entropy.
Meanwhile, here's one more thing you can try: freenets tries to get entropy by generating HDD events which is propably next to useless on a pandora which has no HDD (and SD cards have far more deterministic seek time). So you could try to generate some entropy by acting on the devices pandora actually has: nubs and touchscreen. Move your nubs/stylus randomly for some time (1-2 minutes) when freenet tries to gather entropy.
Yet another thing (what I actually do) is connecting to the internet before starting freenet, and browsing other sites while it's gatering entropy. This way, network packets geterate random events, and I'm not so bored while waiting.
EDIT: I'll add http:// to the clipboard contents in the next release.