My WD Mybook Live 2 TB is dead?

The reboots (if you unplug power) might had cause it. For future needs, if you ever need to copy one NAS to another, either use safepoints, or rsync/ftp commands. 400GB should not take 2 days, however, most people will copy the files via the PC/laptop. If you do that, the info will flow as follows:

NAS1 → PC → NAS2, instead of NAS1 → NAS2.

Another option: 

http://community.wd.com/t5/My-Book-Live/GUIDE-Enable-FXP-transfers-between-2-MyBookLives/td-p/535436/highlight/true

To get the data and possible fix MBL, take a look at this guide. Warning: It will void the warranty.

http://community.wd.com/t5/My-Book-Live/GUIDE-How-to-unbrick-a-totally-dead-MBL/m-p/435724