I've been bricked for few day now.
While searching the web I found this OUYA forum post and thought it might work on th FTV too.
I just had to try. IT WORKED!
1 - Plug in a USB keyboard. May have to be wired.
2 - While booting - Press Alt+PrintScreen/SysRq+I
3 - Repeat 1-3 times. You should get to Update screen.
4 - Press the HOME button on the keyboard.
5 - YOU HAVE RECOVERY MODE!
I selected Factory Reset.
It took a little longer to boot. Prompted for missing remote & press Home.
Signing in NOW!
Will add pictures doon.