Finally found some time to start playing with this.
Downloaded the SDK (GHI NETMF v4.1 and .NET Gadgeteer Package).
Ran the Hydra firmware update tool,
Copied the boot.bin to a 512mb SD card,
Followed the instructions, on the reset my device booted with a white screen.
The firmware tool failed to detect the device when I got to step 7.
The firmware tool reports: Sig image files do not exist!
The firmware tool doesn’t detect it (tried Ping, Get Tiny Boot version, and Get Firmware version)
I’ve verified that the device is detected by windows (COM9)
I’ve unplugged the device and plugged it back end (verified device manager detects the removal/insert)
VS2010 fails to deploy code to it saying it couldn’t open/find USB:Gadgeteer