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Hi there, sorry to hear you're having trouble with the Bose,
Water is always the enemy of electronics, though hopefully there is no lasting internal damage.
I would suggest you unplug it and attempt to dry it out further.
The best way to dry it, besides wiping off any exterior moisture with a towel would be to put it into a large container (like a rubbermade storage tub), along with a few bags (cut open) of rice (raw, uncooked, white rice), and seal it up for a few days (give it at least 48 hours). The rice will absorb any mositure inside the radio.
After you unseal it, take the added step of resetting the system: press and hold the power/on button for 60+ seconds, keep holding while plugging the power cord back in, and for another 60 seconds after.
Then, if the problem still persists, it would indicate that there is some internal damage, which would require repairs to correct.
Your options will be to send it in direct to Bose for factory service (1-877-210-3782) though this can be slow (long turnaround time) and expensive (they generally offer you a partial trade in towards a refurb model rather than actually repairing) This will typically be in the $300-400 range. Or, as an alternative to the factory service is to contact the guys at MyBoseRepair (http://www.myboserepair.com/ship_to_us.htm) who will generally be able to do a much quicker and cheaper repair service. They typically offer a flat rate repair of around $200.
Any other material that I could use to dry out the radio? Not much rice available presently. If I should start the oven, then turn it off when it reaches 250....and cool to say 150 degrees, do you think it might work as well? I could leave it in overnight.
What do you think is running inside that sounds like a fan? the CD player?
Repair is very expensive.