I fixed my DVD Recorder, it turned out to be a power supply issue. There are two capacitors that fail in the power supply (the power supply is located under the hard drive holding bracket). I easily observed the failed capacitors because they appeared slightly bloated, with a slight leakage of substance on the top. By replacing them with spares de-soldered from a functioning but useless electronic device, I was able to completely restore my unit. So, with a basic knowledge of DC Circuits and fair soldering skills, I have resurrected my recorder.
The “Please Wait” message is caused by the hard drive not spinning up. Most people would naturally assume this is a bad hard drive, but even bad hard drives spin up (they just make lots of bad noises if they are failing). The issue was that the power supply was not delivering the proper power to the hard drive. Don’t replace your hard drive, you will lose your recordings. Test the power first.
If you are not comfortable or electronic circuit savoy, then you can get your unit fixed for a flat rate of $130 by Panasonic. There is a special number to call:
Panasonic Service Center
1590 Touhly Ave
Elk Grove Village, IL 60007
Another post had this number, 1-847-468-5543, but when I called them, they gave me the above information.
Good luck. Considering the unavailability of any other units like this on the market, and the high price of buying one used, I think that $130 flat rate is fair (not great) deal.
I also replied this same answer to another similar post: