I doubt you've lost your camera, its almost certainly all reversible, just a question of working through it.
You just got it into a bit of an odd state. I'm pretty sure the camera is basically just confused because the software is messed up somewhere along the line, it gives cryptic errors because it wasn't designed to be messed around with in this way.
If the CF card is screwed up, try reformatting it and don't put anything onto it, or make it bootable, just make it a plain empty CF card.
Or maybe try buying a new, cheap CF card from somewhere and try working with that, and try to re-install the Canon 1.0.3 firmware, making sure the battery is full first.