I'm having the same issue today. I can save track presets fine, but if I try to save a new version of my current session with Save As I get the Name Not Valid error. Save works fine, but SaveAs with the only change in the filename being a 1 incremented to a 2, I get the error. Other names do the same thing, regardless of what characters and case I use.
SD card is formatted fat32, MBSeq is the latest stable release.