Originally Posted by CopyLifted
Option 4 Rebuilding Database FAQ:
Question: What do I lose from doing this?
Answer: It will remove messages received and sent. Any playlists you have set up. If you organize your games/videos/music/photos into albums or as I like to call them “folders” you will have to set that up again.
Question: Will this delete any game saves or game data on my PS3?
Answer: No
Question: Will this delete any of my games, photos, music or videos?
Answer: No
Question: Will this remove or effect my trophies in any way?
Answer: No
Question: Will this work on any PS3 Console?
Answer: Yes all PS3′s have this recovery menu.
Question: Will this damage my PS3?
Answer: Not at all
Question: What about my other accounts on the PS3?
Answer: You will not have to re-activate the accounts on your PS3.
Hopefully Option 3 works for you though.
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Ouch. Was that on option 3?
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Hey, these things happen
Once the file system corrupt message came up after choosing "restore file system" and it being damaged beyond repair and needing a format, well nothing would work.
Tried all options in recovery menu and all would just hang, including install system software so...have now downgraded and just about to re-install 4.30 V2.0 on final step again....
600GB of stuff gone but there we go, all good now and it's resolved the problem
Cheers, at least I know how to get into the recovery menu now

...probs the issue in the first place, installed 4.30 V2.0 in the XMB first time.