so are you saying that, on the 2nd recording, you checked the levels several times during the taping and they looked good; or that you checked the levels at the beginning of the recording and they looked good then? not that it makes much of a difference, because certainly something went wrong. and it's not as if the levels were changed by pressing on the button, since there's no ramp up; the change is instantaneous, from the looks of the waveform.
i had the opposite problem: my levels went from normal to a flat line, instantly. after a discussion here, i sent it back to edirol/roland. at one point, they told me that it needed a new board, whatever that is; but i didn't get the feeling they knew exactly what the problem was; just that maybe a fresh board would take care of it. after some minor whining on my part, they said they'd send me a new unit. i haven't rx'd it yet. still, i rather like the company for taking care of me that way.
otoh, i sure wish i knew what the problem was w/ my old one.
anyway, that's my story. i hope yours has a more-or-less happy ending as well.