FAS,
I had a similar problem where I upgraded a BS3 that was connected to a Fujitsu screen. The problem happened when I did the full upgrade not just the PUC library. For some reason when I fully updated the BS3 it would either do the no picture thing you described or it would make the picture oscilate (move up and down). Call your dealer to see if they our equipped to flash the system back to 3.10a only this time when they do it ask them to only flash the PUC library with an update. This was the only way I could get it working again on that particular screen. Good luck.
BV7-40 MKIV, BeoVision Avant 32, BeoVision 8-32, BeoLab Penta MKIII, BeoLab 6000 x 3, BeoSound 9000 MKIII, BeoLab 7-4, BeoSound 4000, BeoPort, BeoVox S45-2, ML/MCL Convertors, A8's & Form 2's.