Hi Pondini, thanks for all that valuable information, i shall have bite the bullet, and do another Factory Rest, i shall perhaps do a FULL factory reset this next time and try again.
What is even more annoying, when i was thinking of getting a Wireless hard drive in the first place, i was torn between the 3TB My Book Live which i got for £160 and a 2TB Time Capsule for £250, at the time i didnt really have any need for an other wireless router, my current one was 1gig LAN. A short while later my Internet connection started playing up, and the clever techie fella blamed my old Modem so he replaced it with a new modem/router, with a crap router section.
Anyway right from the start i realised the wireless Speed of the MyBookLive was crap, so i have always connected it to my MacBookPro with an Ethernet Cable !!!! LOL
Now in a very few days i changing my ISP and going from Cable to ADSL !!!, and (i already have it) yet another wireless router/modem.
if only i had got a Time Capsule instead ????????????
Tim