HI guys
not sure if you fixed it! i had the same problem, but found this on the internet. Follow it exactly! You may not see the exact same results but it does work
http://community.wdc.com/t5/My-Book-Live/GUIDE-Fix-Dashboard-Errors-3xxxx/m-p/513954
You can use putty from te web and I used the ip address to access it. All worked fine
Totally rubbish though for Western Digital to let that firmware be released!