Antistar, don't want to be a party breaker, but exactly the same thing happened to my device. One day it stopped booting - and subsequent reboots were a roulette. I *think* the cause of this were bad sectors in the MTD flash that's hosting kernel and initrd. After my DR800S died for good (read: didn't come back after 100 attempts to reboot or so), I've considered for a moment assaulting it with a set of tools, finding a hardware console line, and reconfiguring the bootlader to boot kernel/initrd from sdcard, if possible. I never got to that point of having enough free time and determination - and in the end I got rid of Irex reader and bought Sony PRS-650.
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