I tested a wired PC, Mac Book Pro and iPhone both wireless first. Had internet for all.
I then set up a schedule and left the entire space un-marked. Saved settings then applied the schedule to the Wireless settings. I noticed that both Mac Book and iphone lost internet and the SSID disappeared. I re-enabled wifi under the schedule with just highlighting the entire row for Tuesday. Applied the setting and about several seconds, the SSID re-appeared on the iPhone and Mac Book. I removed the highlighted row for Tuesday and saved the setting. The SSID disappeared from the iPhone and Mac Book. I do noticed that this only seems to hid the SSID from wireless devices and there is still a un named SSID broadcast emanating from the 1203. Wired PC had internet throughout all schedule configuration testing.
I guess since I updated to v1.07 with out a factory reset initially that my first test on this was inaccurate. I'll mark this as working.