If you dropped it, I would suspect the HDD first (even it it's not clunking on you). But, maybe it's filesystem related.
Maybe try to wipe it and reinstall the firmware / .rockbox folders. If you take it apart, you can disconnect the HDD, power up the unit, let it fail, connect USB and then connect the HDD to see if that gets you into USB mode. If so, you can backup the needed folders and reformat it. Then, re-do the procedure to get back into USB mode again to re-copy the files back. Remember to reformat it as FAT32, not NTFS (there are third-party tools to do that, in XP).