How to revert (downgrade) to an earlier firmware version
Warning: Western Digital does not officially support firmware downgrading. Use this method at your own risk!
Many users have used the following method for downgrading from a more recent release (e.g. 1.02.00 or an unofficial firmware), to an earlier release (1.00.01, 1.01.02 etc). Basically, it is the same process as the firmware upgrade, except for modifying the wdtv.ver file to trick the WD TV to recognize the older firmware as being new:
Download the older firmware to your computer
Uncompress the firmware ZIP file to the root folder of a memory stick or hard disk: there are 2 files wdtv.ver and wdtv.bin
Open file "wdtv.ver" with notepad
Change VERSION='1.xx.xx' to VERSION='1.03.00' (or any number higher than the current version installed)
Perform the normal firmware upgrade procedure
Plug the USB memory or disk into the WD TV, which will recognize a new firmware (because 1.03.00 is higher than e.g. 1.01.02)
Press HOME, and then select the Settings bar.
Select the firmware upgrade icon, and then press ENTER.
You are prompted to perform the firmware upgrade.
When done, the WDTV (system menu "About") will report the correct firmware version, not the fake version in "wdtv.ver" (1.01.03)