Similar problem
My Cybook got stuck when I tried to power it up today -- got to the "three dots" screen but it would go no further (it periodically flashed and reloaded that screen).
I removed the SD card and reset the Cybook...no luck, same problem.
I then attempted to reload 708 and it appeared to go OK...but once again, it got stuck at the same point.
Finally, I did a reflash with 538 and that got things working again...and I was then able to do the update back to 708 and all appears well again.
So--it appears that the internal memory got corrupted. I have no idea how, as all I did was shut the Cybook off last evening. It hasn't been connected to USB in a few days, and I always do the "safely remove hardware" routine before disconnecting.
Strange...and a bit concerning.
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