Blink red LED since the 2nd hour of boxing

As mentioned by Tony, see the user manual, or see the instructions I posted for resetting/restoring to another person earlier today:

http://community.wd.com/t5/My-Passport-Wireless/Connecting-Wireless-Passport/td-p/858482

Afterward, install the latest firmware, even if it was on the MPW it could have been removed during the restore process.