It's all of the lights, not just the sample rate ones.
I'm using a PC (brand new, 2.8 GHZ, 1 gig of RAM, running XP Home, etc, etc...).
I had it unplugged for troubleshooting purposes. Up until a couple of days ago, I would usually turn on my computer, turn on the MOTU, and plug it in and the computer would quickly recognize the hardware and I'd be off and running. Then 3 days ago, I turned the MOTU on and everything started as usual, with the lights blinking for a couple of seconds and then settling down. However, my computer refused to recognize the MOTU as plugged in. I checked all the connections, still no luck, then I restarted and turned off the MOTU. When I turned it back on, it wouldn't stop blinking and that's how it's been since. I've turned it on and off probably 20 times since then and only once did the lights stop blinking, but Windows still wouldn't recognize the MOTU. Now it's back to the blinking and I feel sorta out of luck. I'm pretty sure it's not the computer, which is under two weeks old.
I just recently bought this MOTU off of ebay (seems like a dumb idea now) and I've begun to take this problem up with the seller. Still, I'd like to try to solve it, but it's looking more and more hopeless by the second here. Thanks for the help you've given so far though!