It sounds like a bad flash attempt has bricked the unit (made it as useful as a brick)
It can be revived, but you need a copy of the original firmware and a piece of hardware called a JTAG to flash the nvram in the unit and revive it.
If you google linksys jtag ebay you can usually find this hardware for under $10.
Some computer stores will also do this for you for a nominal fee.
Here's a great little video of the process.
Best of luck!
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