FSM726 Password/Login Problem PROS PLEASE HELP??

I have the same switch and the same problem. Reset button DOES NOT reset the IP and Password (as mentioned in the manual http://kbserver.netgear.com/pdf/fsm726v2_software_manual.pdf#xml=http://kbserver.netgear.com/inquira/default.asp?ui_mode=answer&prior_transaction_id=6552612&action_code=6&highlight_info=352321610,42754,42765&turl=http%3A%2F%2Fkbserver.netgear.com%2Fpdf%2Ffsm726v2_software_manual.pdf&answer_id=45596757 - " Note: Network IP settings (i.e. IP address, Gateway Address, Network Mask) will not be affected
by the Restore command."
I Google that and found on KOREAN Netgear website:
http://www.netgear.co.kr/Support/QueryView.asp?IDXNo=43

There are two ways to recover password for NETGEAR Manageable switches, one is to use recovery tool, and the other is to use hidden command.
FSM726 uses only hidden command "EmergencyPasswordReset" to disable password.

Please follow the below given procedure to reset the password for FSM726:
1) Power on switch, click "ESC" key very quickly to go to Mini Boot Monitor mode.
2) Click "Enter" key.
3) Enter "EmergencyPasswordReset"
4) There is a question "Are you sure? (y/n)". The answer is "X". It will disable password.
5) Enter "g" to boot up.

This will reset the password for FSM726.

Unfortunately it doesn't work... I can't get into this Mini Boot Monitor. So far I only accomplished getting into the mode which allow me to change device IP or upload new firmware... (using your method with Ctr+C).

I keep trying...