So it turns out my 4GB Micro SD card which I used in my last post was brutally rejected by Raspberry Pi, spitting out tons of errors and unable to load the OS. I have reformatted it and have also put the Raspian image on a 2GB MicroSD card I have just in case. If neither of these cards work out, I will have to go buy another SD card and try it out.
On a side note. I didn’t notice the warning about NOT powering you raspberry Pi from a hub or computer, and did exactly that. Nothing came through on the monitor, but when I used a separate power source for USB (as per recommended specs, 5V 700mA etc), everything was going fine, until the SD card issues.
I will be back with another post shortly, hopefully getting past these short comings.