There is an accessible recovery mode, at least on my querty version of the phone. You have to completely pull the battery first. Put the battery back in, hold Volume up, and then hit power. I held the power button for a couple seconds, and volume up for maybe 6-8 seconds, then started hitting volume up repeatedly. The key is to pull the battery each time you try, I think. It looks like powering off from the phone's power menu just puts it in a suspend sort of mode. (Compare boot times when rebooting, and when pulling battery)
Apparently the bootloader is locked, so not sure how useful it is yet.