you are lucky I own one of these....

It looks like your flash ram might have lost its data. E-mu still has the operation system disks. The only thing is, im not sure if you need the ram working before a disk can be read. above that, im not sure if yours will read a windows format. Emu's website has good customer response, so I'd check with them on either getting disks, or new flash ram, or whatever the unit needs.

You also need to find out if any of the front panel keys are accidently being pushed, or secretly making contact. Id turn off the machine and hit every button five times. The buttons they use in the machines are downright garbage, and my machine has had them stick before, rendering the unit pretty useless. I unplugged the front panel of my machine and the thing behaved perfectly fine, which is ok as mine has the AT keyboard interface.