It sounds like it. Try reflashing it and see what happens.
It wont let me reflash - the unit locks up just after clicking program (1 and 2 leds flash on and then off as if in sequence) and its actually the 3rd led that stays lit - i've installed in on a fresh win7 machine and installed the drivers from the link above - any other suggestions?
Before you try flashing it, what does the screen show for the device information?
DEVICE: Chili SC
MANUFACTURER: MrTeal and ChipGeek
FIRMWARE: 1.2.14x
CHIP PARALLELIZATION: NO
QUEUE DEPTH:40
PROCESSOR 0: 14 engines @ 239 MHz -- MAP: F7F7
PROCESSOR 1: 15 engines @ 251 MHz -- MAP: FBFF
PROCESSOR 2: 14 engines @ 242 MHz -- MAP: FFF6
PROCESSOR 3: 15 engines @ 254 MHz -- MAP: FFFB
PROCESSOR 4: 16 engines @ 250 MHz -- MAP: FFFF
PROCESSOR 5: 16 engines @ 254 MHz -- MAP: FFFF
PROCESSOR 6: 15 engines @ 244 MHz -- MAP: FF7F
PROCESSOR 7: 16 engines @ 268 MHz -- MAP: FFFF
THEORETICAL MAX: 30.33 GH/s