hmmmm.... Now I am even more confused. LOL. Since you made a point about the battery, I decided to try a different charger altogether. Because it has been on the charger all this time and it did not appear to be taking a charge. I plugged it in to another outlet with a different charger and it booted finally! But now I am stuck on the android "touch to begin" screen. I am going to leave it for a while to get enough charge on it to be able to try to reboot with out it being on a charger.
I'm still trying to figure out the little led next to the usb port on the phone. I plug in and it lights up. When you get a chance see if it does that with both chargers. Phone screen facing the ceiling, cord in the phone, little white light just to the left of the outlet. Mine is not doing it now but the batterylife widget I am using says I'm already at 100% charge.
It sounds like you managed to wipe the phone but should be able to do a nandroid restore once it charges some more. Keep us informed, good luck.
Before I switched chargers I did not notice the little light on in the charging port. When I switched chargers it did come on. Now it is on using either charger. The difference in the chargers is one is a Motorola wall charger. The other one is the one that came with the phone plug with usb cable. That is the one that worked to get it out of boot loop