Did you hold the volume down (-) button then press the power button on, holding both until it turns on then the screen go black? That is the mode in which it is nvflashed.
This happened to me last week when I had inadvertently flashed a 1.1 rom over a 1.2 rom. It did exactly what is happening to you. But it just kept rebooting to the recovery screen for me. Endless loop.
I flashed it again with a 1.2 nvflash that has the original viewsonic 2.2 android. Then flashed CWM .08 redid 2048/0 and started from scratch reinstalling the rom of choice. I installed the the OTA upgrade that viewsonic just put out on 1/31/12 just to see what it looked like. Naaaaa. PooPoo CaaCaa. They have had since last April's update to do something really good. Since then android has been moving forward with the following 2.3, 3.01, 3.1 3.2 and 4.0 having been released since then and they do an "upgrade" to 2.2 
I'm waiting for ICS, any day now.
Sorry if I'm not being much help, I've just about run out of options,
Bill
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