I was now able to enter the recovery mode, but I don't really know what I did exactly. I tried the described procedure (holding down the page down and power button simultaneously) maybe 20 times and it never worked. The power LED just kept blinking. I think what eventually worked, was pressing the page down button, releasing it(!) and then pressing the power button. Or maybe I finally got the timing right. :-)
Anyways, the recovery screen shows various I/O errors when trying to wipe/factory reset the device. Given that the device is only a year old, I'll try having it refunded/repaired and if for some reasons this doesn't work out, I'll swap the SD-card myself.
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