I feel your pain.
My stock N7 did that going to 4.4 - just got stuck in a boot loop after an "Error" on re-boot.
I called Google Support and they tried to walk me through a factory reset, but it wouldn't do it properly. They referred me to Asus, who also tried to walk me through a reset, and it didn't work then either. I then had the deal with their horrible support people and courier it to them about two weeks ago.
I just got it back from Asus yesterday. It seems they replaced the motherboard and battery in mine. (According to the paper in the box) Not sure why, but so far it's ok. I had the 4.4.2 update notification come in last night on it and it was ok thankfully.