Khang, here's another suggestion that may or may not work.
Since your player shows the loading hourglass screen, your player still may have the firmware on it (though it may be corrupted).
Try reinstalling the mp3 utilities...this helped me once. My upgrade tool was acting crazy but reinstalling it fixed the problem.
If your mp3 utilties cd has many .fw and .bin files, try using the s1res utility to see pictures of the firmwares and recognize the firmware that was in your player originally.
If that doesn't help, then try extracting the corrupted firmware that is on your player now and use the repair feature of the s1fwx tool.
Then after reinstalling the upgrade tool, try recovering with the repaired firmware.
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