I have the same drive. I flashed it with the new firmware a couple weeks ago and it saw my 4X media as 2X. I reflashed back the previous version and it was fine.
Maybe the new firmware is buggy, can you just download the previous version off the site and flash it with that?
Overall the drive is kind of dissapointing to me. It works pretty OK, but takes forever to initialize and sometimes the tray won't open after a burn.
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