To everyone having problems with their Mio C720 device. I have NO idea if this will work but right now you kinda have a brick so why not try. A C720 uses MioMap 3.3 as its operating system. If you can get into the internal disk via USB try putting this download on it after deleting everything else.
EDIT: I seriously doubt that the above will work. The above procedure [post #15] seems quite involved - I downloaded it. Unless you can devote a lot of time, it maybe a lot easier just to buy a new device. They're pretty cheap right now unless you go deluxe.
Procedure: [Please Register or Login to download file]