iPod Touch update killed my iPod!

I tried to update to the new firmware version (recommended) by Apple today. The log file says:

Feb 2 00:00:00 duane-nickulls-mac-pro newsyslog[1427]: logfile turned over
Feb 2 08:54:57 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Child: Can't read length for data
Feb 2 08:54:57 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Child: NULL command dict read, exiting...
Feb 2 08:54:58 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Could not receive size of message
Feb 2 08:54:58 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: MobileDevice: receive_message: Could not receive size of message: 0 Unknown error: 0
Feb 2 08:54:58 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: MobileDevice: _read_callback: Could not receive message
Feb 2 08:55:26 duane-nickulls-mac-pro [0x0-0xc00c].com.apple.systemuiserver[131]: DigiHub:sendChargingCommandToDevice RequestExtraPower(kUSBPowerDuringWake) returned 0
Feb 2 08:55:26 duane-nickulls-mac-pro [0x0-0xc00c].com.apple.systemuiserver[131]: DigiHub:sendChargingCommandToDevice sending command with sleep: 0, wake 0
Feb 2 08:55:26 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: MobileDevice: AMDeviceConnect: This is not the droid you're looking for. Move along, move along.
Feb 2 08:55:26 duane-nickulls-mac-pro [0x0-0x10010].com.apple.iTunesHelper[148]: MobileDevice: AMDeviceConnect: This is not the droid you're looking for. Move along, move along.
Feb 2 08:59:32 duane-nickulls-mac-pro dashboardadvisoryd[2211]: fetch: unable to fetch data from read stream while fetch advisory list
Feb 2 09:01:33 duane-nickulls-mac-pro kernel[0]: iTunes[620] uses send/recv on a pipe
Feb 2 09:01:32 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: MobileDevice: send_message: Could not send message size: Bad file descriptor
Feb 2 09:01:32 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Parent: Error or timeout on select
Feb 2 09:01:32 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Parent: NULL message read
Feb 2 09:01:32 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Crash report copy task disappeared while submitting a restore log
Feb 2 09:02:33 duane-nickulls-mac-pro MDCrashReportTool[2229]: CFReadStreamGetError() returned: 12/8
Feb 2 09:02:33 duane-nickulls-mac-pro /System/Library/PrivateFrameworks/MobileDevice.framework/Versions/Current/AppleMobileDeviceHelper.app/Contents/Resources/MDCrashReportTool[2229]: 2229:2693486368|CrashReportCopyX.m:-[CrashReportCopierPrivate _submitCrashReportFromPath:]| ERROR: Error 2 while attempting to submit /Users/dnickull/Library/Logs/iPod Updater Logs/iPodUpdater 1.log.plist
Feb 2 09:02:33 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Child: Can't write length for data
Feb 2 09:02:33 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Child: Couldn't write response, exiting...
Feb 2 09:02:33 duane-nickulls-mac-pro [0x0-0x27027].com.apple.iTunes[620]: Child: Can't write length for data

Unfortunately, now my iPod Touch (2G) does not work. It is not recognized nor is it responsive to any input. All it displays is an apple and some weird oval diagram.

Anyone have similar experiences? I have seen one other result but cannot find it.

Duane