I had something similar happen to me a few days ago on my 950. It was a bad EPUB file that also crashed the Sony Reader Library software. It would start loading with the arrows then reboot itself over and over. I plugged it into my computer with the USB cable which made it go into USB mode and stopped the reboot/reload cycling. Then I used Mac Finder (same as Windows Explorer) to open up the folders on my ereader. Go to database > media > books. I deleted the EPUB that I knew was bad. In your case, maybe you should delete all your files that you loaded. Then I ejected the ereader from the computer. It then reloaded like normal and was fine.
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