I’m having the same issue with my WD TV Live Hub with firmware 3.08. The device says “Loading…” for about 10 minutes, then once at the home screen it “compiles” for 15-30 minutes every time it turns on now (never did this before). Also, it shows that the source content has been removed (the local drive). When I check the hard drive settings under the settings menu, it says there is no hard drive. Usually it shows a hard drive with xx capacity used out of 930gb or so. Eventually it comes back up after about an hour I can see the content on the drive again and it shows i’m using 269gb of 930gb. When I turn it off again and back on, it loses the local drive again and has to recompile. It never did this before, i was able to turn it on and have it at the home screen within 60 seconds previously.
Also, prior to this issue, i used to be able to access the media on the drive over my wireless network when the WD TV Live Hub was off (or perhaps ON, but in standby?). Now, I can’t access any content from my laptop over wifi when I UNC into the device by its UNC path \wdtvlivehub. I had it mapped as the W: drive also but windows 7 will no longer connect to it unless the device has been powered on and is finished compiling the data. Is my drive dying or imminent failure near?
Also to add: I did clear the entire library and have the wd tv live hub rebuild everything and this issue has not been resolved.
UPDATE 12/26/12: I reverted back to firmware 3.07 and this did not resolve the issue either. I also formatted the internal hard drive and ran a device reset back to factory defaults. Still does not resolve the issue with it loading for 10 minutes. It is no longer compiling for 15-30 minutes because I have no data on the internal hard drive yet. Also, Still unable to connect to my device over my wifi network like I used to while the device was in standby (No light on front). It appears to never be in standby anymore, it’s either fully powered off or fully powered on. Perhaps this is why it takes so long to boot every time. Not sure if this is related but I saw that someone on the WD Community had a similar issue once his audio library hit 4,000 songs. Mine is right at about 4,000 songs too. Is this a limitation on the device that is causing this issue?