The following blog link illustrated a step by step tutorial on how to manually update BB0703(PICkit 2) Operating system:
http://augroups.blogspot.com/2009/04/q-what-does-it-mean-when-busy-led.htmlThere is very few opportunity ever since the PICkit 2 V2.4x release for a PICkit 2 losing a OS. However it still happens from time to time even in a very very small possibility. When this is happening the PICKit 2 will blink the red LED indicating there is no functioning OS. To get the PICKit 2 back to normal, a new PICkit 2 OS needs be manually downloaded into the PIC18F2550 chipset.
The following tutorial is a step by step guide on how to manually upgrade the PICKit 2 OS. It also answers the following frequent asked question.