I had the same problem...exactly. There was no apparent cause (it was in Bluetooth mode Syncing with the Microsoft Sync system in my 2011 Ford Escape). During the ride home, I noticed the Sync system said "no paired phones found," and the next time I rebooted the phone, it gave me the same message:
OK to Program
I took it to Verizon, and he said it was basically bricked. Wanted a new phone anyway, so it didn't take much to get me to buy a new Motorola Droid X2. But haven't tried any of the rooting solutions, yet. It's on e-Bay right now, $0.01 with free shipping. . I may try rooting it in the meantime.
Same problem here no sticking keys have ran the RSD Lite flash, installed the recovery sbf, it contiues to reboot to bootloader 2c.7c. Pressing on the UP Directional key does not do anything. Purchased a new phone and I am trying to recover this one for learning and use for a backup.
Anyone have any more ideas?