BB Curve :: 8330 - Flashing Red Lights Of Doom

I've had my Curve for just under 2 years and about a week ago it just stopped working. I was out with some friends when I happened to glance at my phone and noticed that the LED was glowing a solid white color. The LED was white for about 10 seconds then went out. After this the phone would not turn back on and the LED was a solid red color.

I figured my battery must be dead so I put it on the charger when I got home. After charging for hours I tried to turn it back on, with no luck. The LED was still solid red and would remain this way for hours. After some initial research, I decided to try and reload to OS. By this time, the LED light was flashing 4 times, pausing briefly, then flashing 4 times again, over and over.

I followed some of the guides others had posted about reloading the OS user the App Loader application. I got past the step of selecting the components I wanted to installed and clicked Next. The process started to work, but when it got to the "Intializing Phone" step it would return an error saying it could not detect the device. The whole time I was going through this process the USB connect/disconnect sounds were playing over and over again.

I continued to research and found out that the BlackBerry was actually in some kind of constant reboot cycle. That it why the USB sounds were playing repeatedly. I assume this is why the computer could not detect the device long enough to finish the installation process.

So this is basically where I am now. I got pretty frustrated with the whole scenario and left it for a few days. I picked my phone up yesterday and tried to turn it on. Initially there was no sign of life from the LED. I held the power button and the BlackBerry LED began to blink twice then pause, blink twice, pause, etc.

I would realy rather not have to pay another couple of hundred dollars for a phone but I can't go without a phone much longer. I am confident that I can get to the same error I did before, but can not get past that point.