BSOD. Blinking Cursor w/out continued boot-up. F8/F9 won't respond

I use an Asus Bamboo U43 series running Genuine Windows 7 Home Premium x64. I was using it as usual and what I thought was a normal update occurred. When computer went into a typical update restart, upon reboot a black screen with a blinking cursor appeared (normal for start-up I know) but then the cursor dropped down a few lines as a cursor would do if you hit enter a few times, and that is it. The computer will not continue to the windows start-up screen. Pressing F8 or F9 during reboot does not respond. I can us ESC or F2 options and that is it. Any idea on a solution to the issue would be Highly appreciated! Also I have no recovery disc.

Thank you. I am now running the Seagate Seatools HD diagnostics. Test seems like it will take a bit and I will post results. I am not too tech savvy when it comes to computers. I appreciate the links and help.

Is it possible to create a boot-able windows 7 recovery disc from downloaded ISO files, but disc created on a Windows Vista computer?

I guess, I was reading a post about creating a universal system repair disc, but then read that you need a valid license key, which I can't get to without being able to boot my system.

This link Windows 7 Universal Installation Disc - Create was stating that I could try to create a universal windows 7 system repair disc. I am running the Seagate HD diagnostic right now. I was just trying to research some options that I could take to try and get my computer working again if this test does not really tell me anything.

Okay, well long and short HD test passed. So I am assuming that the hard drive is fine. Not really sure what route to take from here, any suggestions?