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depending on the Firmware you might enter FSM and still dont see the red box of FSM on the lower right, instead you will see a normal screen.It happened with my PHAT 40GB launch when i was using preloader to convert that one to DEX but i was on FSM and it worked like a charm.if the software FSM doesnt work use a jig.after you have done everything right and the ps3 should be in FSM but doesnt seems like it succeeded turn off the ps3 put the stick with the lv2diag and the pup on the rightmost port and them simply press the power button once and wait.if the light blinks and doesnt open up the screen wait have a beer and when it shuts off exit fsm with lv2diag step2 and install your prefered mfw.all this require you to be on 3.55 max.
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