Oh, boy, now we've got both a "Muzza" and a "Muzzy" on the BBS. Telling you guys apart will be fun.
Based on your description, it sounds like your player might be DOA. Please
contact support.
Just for the heck of it, you might want to see if
installing an upgrade fixes the problem. Maybe it's something as simple as "this player never got a kernel flashed into it".
While you wait for a resolution, take some time to skim through the rest of
the FAQ, especially the sections about preparing your MP3 collection for the player.
Congratulations on your new toy, sorry it didn't work right out of the box.