Had a thread open on modaco for this issue but had no joy. I'm having exactly the same issues as the thread starter in the link below, you guys have helped me before and wondered if you had any suggestions on a way forward?
Basically I've had ics updated on the phone with the boot loader unlocked and of course the phone rooted. The update went through fine and I've been using the phone for a couple of days until it crashed and stuck on the splash screen since then it will only go into recovery mode with the following errors:
E: Can't mount /cache/recovery/command
E: Can't mount /cache/recovery/log
E: Can't open /cache/recovery/log
E: Can't mount /cache/recovery/last_log
E: Can't open /cache/recovery/last_log
Have tried wiping cache, formatting cache and numerous other things as per the thread on modaco but no joy. I've literally had the phone a few days and think it's unlikely to be a hardware fault unless it's exactly the same as the OP had.
Willing to try anything!