I am getting the same issue with a PNY 16G Mini Attache. Seems like it has a MBR but shows up as a 16MB -- SanDisk S3 UCL Mode Device -- stops there. 16MB unreadable partition. Is that the encryption partition?
I have data on this device that I don't want to lose but something is up here, be it security partition or a bad flash drive, it should show up eventually. Usually unplugging and re-plugging the device in 3 times passed up the 16MB partition and allowed me to read and write to the 16G (14.xGB) pre-formatted partition. The exact procedure, 3 different computers, PITA -- now it won't work here at all. I guess I'll reboot.
The last PC I wrote to this with was running Windows 7, anyone introduced that factor? If reboot of my XP system doesn't resolve this I'm going to look into repairing or finding a way of bypassing the security/encryption partition, if that doesn't work, return to wal-mart, if that doesn't work I'm going to huck it off the roof into oncoming traffic.
It's a suicidal drive to be treating me like this!