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Looks like recent Acer update may have bricked it. . .
on May 10, 2013
I have owned my Acer S7 for about 6 weeks now. Sleek looking design, solid performance. I do not like Windows 8 (but that is not Acer's fault). Was having frequent wireless problems (drops, etc.). Yesterday, while on the road, an update was pushed/made available which said it would fix the wireless problems. I downloaded and installed.
Last night I assume a Windows update (or another update) was pushed to the device. This AM would not boot from the SSD. Attempted to fix the SSD (if corrupted) by following info on Acer website. Did not work, gets to my login screen and then just flashes the screen constantly (in some kind of loop).
Acer Community forums are down right now -- cannot even access Google cache pages with titles such as "Acer S7 will not boot after BIOS update."