Vera 3 with UI7 -Factory reset failed

Hello everyone,
I tried a factory reset on my Vera 3 and it seems to have failed. I got into the web user interface once. Tried to mount an 8Gb USB stick for logging, waited 45 minutes, but the user interface seemed to hang. So I rebooted, but the user interface has never come back. It goes through the boot cycle, I get three green lights (power, WAN, Z-Wave), but I can’t telnet in, and the web interface only returns a vera logo on the top left and a green circle spinning.

Any ideas or thoughts? I could really use some help.

Thank you everyone in advance,
Jon