iTunes won't restore ATV2

Hello,
I need to restore my ATV2 to factory settings, but when I’m in iTunes (version 11) when I click the restore button, I get a popup that says the “device could not be found”

There is no error number or anything…and it doesn’t make sense because ITunes sees the ATV2 otherwise I couldn’t hit the restor pe button.

I’m running atvFlash Black from about a year ago.

Any ideas on how to fix this?

Same problem here.  iTunes 11 and can’t restore to factory defaults.

I’m having the exact same issue with no luck at all. Goddamn Apple TV!

Same here!

Went back to itunes 10.7 and everything worked okay.

EDIT: downloading the appropriate ipsw file and option+click the restore button in iTunes 11 – which allows you to select the ipsw to use – seems to have solved this issue for some…

Edit #2: Apple Confirms iTunes 11 Bug http://support.apple.com/kb/TS4488

Doing the “Option+Click” worked for me.  The seas0npass will drop the IPSW file in your “Documents/username/tether” directory.  This gave me the capability to restore.  I’m back on Apple TV firmware!