Well, finally got around to trying this (geeze, 2 years goes by fast). Very simple, did the NAND reformat, took like 1 minute, and now the keys are cleared. WooHoo!
The reason I leave the slider off sometimes is that I leave the player in my pocket, and occasionally want to push the next or volume buttons without removing the device, but sometimes I press those buttons...
On my 3rd battery now (I think my 2nd battery still has some life, but switched it out anyways).
Now, if I could only transmit FM just a few more feet...

I still use this player a lot, even though I have Pocket PCs, smart phone, etc... Much more robust than the other devices.
Thanks for the tips.
Cheers.