I had this problem, it was solved by reformatting the hard-drive.
NOTE: if you do this, all settings and all that is saved on the harddrive is lost. But seeing that you can't start it anyway, that is acceptable, right? :)
Anyway, here's how you do it, according to Philips support:
Restart the box and you should now end up at a screen asking you to set the language for the box, as if being started for the first time ever.
Also of note: if you want to restore the firmware to factory settings, Philips support told me to pull the cord, press and hold the STANDBY button, and plug it back in again. For the looping problem though, I didn't need that.
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The DVDR3450H doesn't start correctly, and reboot, and reboot, and reboot...
Reboot Reboot
yeah, and right after my one-year warranty expires :(
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