I stand corrected. After using PuTTY and doing the steps, the drive rebooted and initialized. I went into the menu and still had the same errors. However, I then performed a reset that tech support requested I try, the previously did not work for me and when it finished I am no able to get into the drive and menus without any errors.
The reset I did after running PuTTY steps were:
1. Unplug power cord from MBL
2. Using a paperclip, press and hold reset button located on backside of MBL above the Network cable connection.
3. Plug power cord back in, while still holing reset button and continue to hold reset button for 20 seconds.
After MBL rebooted and reinitialized, I was then able to get back into Drive w/out any error.
Thanks again to all that contributed!
Also, does anyone recall which firmware version upgrade caused the issue? My reason for asking is after doing the factory restore, I am now using 02.32.05-046 which shows to be the latest? I did not try and update after getting everything working and if I check for updates it states there are none, so have they pulled the firmware version that was causing the problem.