Infinite reboot on 3.4.4 + 2.3

Today I attempted to upgrade my atv flash 3.2.3 + 2.1 to the latest at flash 3.4.4 + 2.3.

First of all, it was not obvious to me that I had to reapply a 3.2.3 with the auto-update option set to allow the update from the menu and then perform the upgrade. But well I found enough guidance in the forums.

So after the upgrade my Apple TV keeps rebooting constantly.

I did a factory restore and then a new update to 2.3, then reapplied the patch, but still I’m seing the Apple TV constantly reboot after showing the Apple logo a few seconds.

thanks for any help that would provide me a viable solution.