Well, that seems weird. Are you sure you used the PE update.zip and not the EE update.zip? I saw a thread earlier where somebody used the EE update on their PE and it did bad things to the machine.
Did you do the whole golden update process with forcing a shutdown after 10 minutes or so and updating again? Sorry if these questions are things you've already tried. I was so close to giving up with my PE last week that I even took the damn thing apart trying to figure out a way to force a factory reset. Turns out there isn't anything inside that will do that, but I did end up breaking the little plastic nub off my power button so now that doesn't work right. Good thing I already didn't care about the machine because I just assumed it was a brick at the time.
Now I have a working PE with a custom power button (yay 1 of a kind) that I soldered onto the board after breaking the old one off. It mostly works like it should. In other words, try not to give up on the thing until you have to. Maybe you can figure out how to make it work somehow? Let me know if you want to keep trying to fix it and I'll see if I can think of anything else to help! Maybe other members of the forum can figure it out.
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