[starkillernz]

This may not be of any help cause I'm pretty new at this with the Touch as well as I used to have a Titan but have you tried enabling USB connections in Activesync and flashing a ROM on top?

Sounds like you're getting to the right screen (the tri colour screen is what allows you to flash new ROMs on top) but you haven't flashing any OS.

Try hard reseting, enabling USB connections in Activesync and flashing a ROM on top?

Dunno if that's any help :s