hellbound, You have a hacked player. This means it has a memory chip that has been programmed top read larger than it's true size. Your 8GB player could have a memory chip as small as 128MB.
You need to remove the hack to fix the problem.
Here are some posts that will help:
http://www.mympxplayer.org/feedback-...rs-vt2828.html
http://www.mympxplayer.org/how-to-re...ck-vt2400.html
You will also find heaps of other posts relating to hacked layers within the forum.