Firstly you say you've only just received your empeg, so I would think you have the correct serial cable (empeg discovered this a while ago, and stopped sending out the wrong cables)
That is what I thought too so I was not sure if it was a bug or not.

What you need to do is power up the empeg with the serial cable attached, then double click on the upgrade file, and press next a few times
I just tried that. No luck. Thanks, though.

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Squid2k1 --- 18GB of revived Green Mk II Fury - Fast As A Shark