True Blue Red Steady Led Issue

Hey folks,

Yesterday I got my True Blue Dongle, I can't get my PS3 to start with the dongle installed. No game in the console, no other usb devices connected. TB CFW v2 installed, boot ps3 with dongle results in no signal, TB dongle led staying red and steady doesn't enter XMB. Reinstalled the OFW a few times via recovery menu and the TB CFW v2 aswell still same issue. Without the dongle it boots up without a problem, but with the TB dongle in it it doesnt even reach the XMB. Even formatted my HDD for it but still nothing, two different screens one 42inch plasma tv and a 23inch lcd multifunctional monitor same issue. Been at it for 5 hours but still nothing, even changed resolution to 576p and 720p as some say the 1080p/i is causing "power issue" and doesnt work.

Any of you fine gentleman know how to tackle this issue? People believe it's already on the v2.51 which causes issues with other people, some havent even heard of this problem before.

If no one can help Ill just send it back to the reseller.

Thanks in advance.