diff --git a/arch/arm/boot/dts/Makefile b/arch/arm/boot/dts/Makefile
index 235ad559acb2869481615b78abe4e933630bfbb0..dea29395c9a4f65ad47be656253c0493cd621f49 100644
--- a/arch/arm/boot/dts/Makefile
+++ b/arch/arm/boot/dts/Makefile
@@ -269,7 +269,7 @@ dtb-$(CONFIG_ARCH_IXP4XX) += \
 	intel-ixp42x-dlink-dsm-g600.dtb \
 	intel-ixp42x-gateworks-gw2348.dtb \
 	intel-ixp43x-gateworks-gw2358.dtb \
-	intel-ixp42x-netgear-wg302v2.dtb \
+	intel-ixp42x-netgear-wg302v1.dtb \
 	intel-ixp42x-arcom-vulcan.dtb \
 	intel-ixp42x-gateway-7001.dtb
 dtb-$(CONFIG_ARCH_KEYSTONE) += \
diff --git a/arch/arm/boot/dts/intel-ixp42x-netgear-wg302v2.dts b/arch/arm/boot/dts/intel-ixp42x-netgear-wg302v1.dts
similarity index 77%
rename from arch/arm/boot/dts/intel-ixp42x-netgear-wg302v2.dts
rename to arch/arm/boot/dts/intel-ixp42x-netgear-wg302v1.dts
index a57009436ed8e9eec8901fa2897cc85b813275d4..df2ca6d95ee5d3c3c8a29e003868e5eb45cd77ed 100644
--- a/arch/arm/boot/dts/intel-ixp42x-netgear-wg302v2.dts
+++ b/arch/arm/boot/dts/intel-ixp42x-netgear-wg302v1.dts
@@ -10,26 +10,26 @@
 #include <dt-bindings/input/input.h>
 
 / {
-	model = "Netgear WG302 v2";
-	compatible = "netgear,wg302v2", "intel,ixp42x";
+	model = "Netgear WG302 v1";
+	compatible = "netgear,wg302v1", "intel,ixp42x";
 	#address-cells = <1>;
 	#size-cells = <1>;
 
 	memory@0 {
-		/* 16 MB SDRAM according to OpenWrt database */
+		/* 32 MB SDRAM according to boot arguments */
 		device_type = "memory";
-		reg = <0x00000000 0x01000000>;
+		reg = <0x00000000 0x02000000>;
 	};
 
 	chosen {
-		bootargs = "console=ttyS0,115200n8 root=/dev/sda1 rw rootwait";
-		stdout-path = "uart1:115200n8";
+		/* The RedBoot comes up in 9600 baud so let's keep this */
+		bootargs = "console=ttyS0,9600n8";
+		stdout-path = "uart1:9600n8";
 	};
 
 	aliases {
 		/* These are switched around */
 		serial0 = &uart1;
-		serial1 = &uart0;
 	};
 
 	soc {
@@ -38,18 +38,17 @@
 				compatible = "intel,ixp4xx-flash", "cfi-flash";
 				bank-width = <2>;
 				/*
-				 * 32 MB of Flash in 128 0x20000 sized blocks
-				 * mapped in at CS0 and CS1
+				 * 8 MB of Flash in 64 0x20000 sized blocks
+				 * mapped in at CS0.
 				 */
-				reg = <0 0x00000000 0x2000000>;
+				reg = <0 0x00000000 0x800000>;
 
 				/* Configure expansion bus to allow writes */
 				intel,ixp4xx-eb-write-enable = <1>;
 
 				partitions {
 					compatible = "redboot-fis";
-					/* CHECKME: guess this is Redboot FIS */
-					fis-index-block = <0xff>;
+					fis-index-block = <0x3f>;
 				};
 			};
 		};
@@ -82,14 +81,14 @@
 			queue-rx = <&qmgr 3>;
 			queue-txready = <&qmgr 20>;
 			phy-mode = "rgmii";
-			phy-handle = <&phy8>;
+			phy-handle = <&phy30>;
 
 			mdio {
 				#address-cells = <1>;
 				#size-cells = <0>;
 
-				phy8: ethernet-phy@8 {
-					reg = <8>;
+				phy30: ethernet-phy@30 {
+					reg = <30>;
 				};
 			};
 		};