ReadyNAS 1000S - Firmware & 3TB HDD Support?

Do any of you happen to know how long the "defaulting" process usually takes? The warning message just before starting the process said "up to 10 minutes", but I've been looking at the flashing blue light on the front of the unit for close to 40 minutes now. I'm seeing a response from 192.168.168.168 when pinging but no response via HTTP, nor is RAIDar able to locate the device.

Edit:
I ended up pulling the power cord after waiting for about an hour. This resulted in the CF card needing to be reflashed. After that was done, I was able to access FrontView, but could not create or otherwise modify any of the volumes. I ran another factory reset and am making more progress this time around. RAIDar showed "Installing" and made it to "Creating Volume" as of now, though it's strange that I was never prompted what kind of volume I want to create. I'm assuming that I'll be able to adjust this later. With 4x 2TB disks installed, should I stay put and brew a pot of coffee or should I just come back later in the day?