Agreed. That's important too...
Also, how long did you let your phone sit when you got to the eye? Sometimes it just takes longer.
However...I'm not exactly sure what SPrecovery's factory reset does...If it tries to reset your phone exactly to how it is out of the box, minus flashing the stock recovery and losing root, that's probably your problem.
(There's a good lesson here for others...You should ALWAYS create a nandroid backup of you setup before trying to theme. Then it's just a matter of restoring if things don't go according to plan)
I'd still like to know if you have previously installed any other nandroid backups or installed a rom using nandroid, as that would mean that the folder already exists.
I think that rootyourdroid.info has some commands that can tell you how to create a new directory, but their bandwidth had been exceeded when I tried to get on there to find it, and googling "adb command create directory" didn't turn up what we're looking for...