Yes, better first try catymag suggestion. Seems like a software problem rather than hardware. Haven't heard of a burned "USB Connector" after a firmware update. Unfortunately, you can see that you are not the first one who has problems with the latest firmware version 4.90. Maybe again Garmin has messed up something. (think they have big problems with their software department) Didn't you try reverting to older version?
Seems very strange that myDashboard recognized your unit accidentally and even updated it (copy files to its internal memory!) if by your words the unit "undoubtedly" can't enter in Mass Storage mode. Very strange. The reason is that Mapsource, WebUpdater, myDashboard etc. recognize units through the file GarminDevice.xml which is located in the internal memory of the nuvi. If there is no access to the file or the file is missing the programs surely won't recognize the unit nor copy files to its internal memory. Yet, seems also strange that in diagnostic page you see the USB cable as GCM20...
If nothing helps you can try contacting Garmin Product Support - [Only registered and activated users can see links. ].
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