I know other people have had this problem but not many recently.
I got it after WD software suggested I do a firmware update so I could get remote access working properly. The firmware failed but since then I can’t logon because I get the above message. Eventually I decided to follow the instructions on How to unbrick a dead MBL which all seemed to go well. When I finally Discovered it again I could see the name and IP address had changed but when I try to log onto it… the dreaded Initialising message is back.
Ant ideas what I can try next. I’ve tried logging on via Firefox and IE