I also have Android Revolution loaded on my phone. I updated the build and used the MoDaCo toolkit. Wallet at least starts but it never gets passed the setting up screen. I'm hoping that the new APK for the Sprint model will get us further.
On a side note, is your LED blinking even when there isn't any new notification? Mine is acting like that using the ARHD9 Rom.
Just paid for a sandwich at my local Wawa in Jersey with Google wallet. Sprint HTC One here. Worked flawlessly.
No, mine's working as expected. I haven't seen it act strange at all. Solid green on full charge, solid red on charging, flashing red on low battery, green on SMS and email (I think) and red on missed calls.