So I have the exact same problem and am trying to get to a solution. My messing around has resulted in the light now blinking long 2 times and short 2 times, which is a failure to mount. This happened after trying to update the firmware. From what I am reading taking the drive out and trying to read it in another machine is pointless as the Linkstation has its own processor and format, Linux based, which a normal Windows PC won't be able to read/recognize. I hope you find a solution and that you post it back here.