iPhone 3GS (4.3.3) - Phone boots up but just show an apple on the screen

Hi Guys,

Bought this iPhone from Craigslist stuck at apple logo and restored it to 4.3.3. The phone boots up as can be realized in iTunes (As it is detected and ready to sync), but all i see on the screen is an apple logo with loading symbol (circle) on it.

I tried loading custom image using sn0wbreeze but still stuck at the logo. I upgraded an iPhone 3GS last week to 4.3.3 and jailbroke it using redsn0w and updated the baseband to iPad and the restore log generated for that phone is similar to the one generated for this one stuck at apple logo. I am attaching all the logs for the problem iPhone here.

Any help would be deeply appreciated.

#2041136 - Pastie

#2041138 - Pastie