@RCWD21 i also think is software, there is a test you have not tryed yet, i guess is not going to work but just incase... try to remove the hdd and boot normally without it... if you see a warning text in the screen is a nice signal (it means the firmware is loading partially)
Another thing you can do by now (while waiting for the flasher and flash clips) is to use the syscon UART to enable the southbridge UART... then solder your "UART to USB adapter" to the tesptads of the southbridge and take a look at the info displayed
As far i did read... the southridge UART reports info about the software bootchain (lvoldr, lv0, bootloader, etc...), if there is some stage of the firmware "broken" maybe you are going to be able to see it there
But thats all i know about the southbridge UART, i cant help with it
------
About the NAND flasher and software... there is an introduction in wiki, most important thing is the software setup and run the command "info"
Basically... the "info" command is like doing a "ping" to the flash chip/s to read his identifyer... if the flash replyes with some valid info thats a victory in itself

(it means you have everything ready and well configured)
Next thing you should do (as another test) is to run the command indicated as "dump Filename [Offset] [Length]" with small values, lets say... something like this:
Code:
NANDway.py COM1 0 dump c:\myflash.bin 0 100
This is going to create an small file (so is fast), open it in a hexeditor to see if it looks like valid data (as far i remember appears the name "sony entertainment..." at the first bytes), and when you are ready make the full dump (this takes time because are 256mb)
Code:
NANDway.py COM1 0 dump c:\myflash.bin
Dump it a couple of times (and compare them), just to have a confirmation that you are not having any interference in the wires
Also, download the last version of the "pyps3checker" tool and scan your dump with it, that tool could identify some problems of some damaged areas in the flash
In this subforum there are a bunch of threads related with hardware flashing --->
https://www.psx-place.com/forums/downgrading.101/