Hi,
You should not really be having a problem running the PSTool with your settings. There should be no need to issue the Boot 1 command.
Can you connect using a terminal program Hyperterm is fine if you are happy with this. I like to use Bray’s terminal program http://braypp.googlepages.com/terminal but it is just personal preference.
When connected, send the set command to provide you with a list of current settings. One of mine is currently set as below. If you are able to get the list of settings then you should be able to close the terminal window and then launch PStool. As you mentioned ensure you are set to the correct com port set for BCSP, however; it is 115200 not 115800 which is probably just a typo on your behalf and has no relevance.
10:20:51.593> SET BT BDADDR 00:07:80:89:a4:e6
10:20:51.593> SET BT NAME WT32A_89:a4:e6
10:20:51.593> SET BT CLASS 200428
10:20:51.656> SET BT AUTH * 3232
10:20:51.718> SET BT IDENT BT:47 f000 3.0.0 Bluegiga iWRAP
10:20:51.718> SET BT LAP 9e8b33
10:20:51.781> SET BT PAGEMODE 4 2000 1
10:20:51.781> SET BT PAIR 00:07:80:89:a2:5c d1178c3748801ebad3b71a672fff78c9
10:20:51.843> SET BT PAIR 08:00:37:15:32:be d1283106c254647c6f6ba5c956340df7
10:20:51.843> SET BT PAIR 00:22:fc:9e:74:82 1db0ddd0704712e4f3d161ed609aac16
10:20:51.843> SET BT POWER 0 0 0
10:20:51.906> SET BT ROLE 0 f 7d00
10:20:51.906> SET BT SNIFF 0 20 1 8
10:20:51.968> SET CONTROL BAUD 115200,8n1
10:20:51.968> SET CONTROL BIND 0 20 R sco open 0
10:20:52.031> SET CONTROL CD 20 0
10:20:52.031> SET CONTROL ECHO 7
10:20:52.031> SET CONTROL ESCAPE 43 00 1
10:20:52.093> SET CONTROL GAIN 8 8
10:20:52.093> SET CONTROL MICBIAS b 0
10:20:52.156> SET CONTROL MSC DTE 00 00 00 00 00 00
10:20:52.218> SET CONTROL VREGEN 1 00
10:20:52.218> SET PROFILE HFP Hands-Free
10:20:52.281> SET