I get an I/O error when i try to format the floppy. Here is what i get when i try to mount /dev/fd0:

Could not mount device....The reported error was:

mount: wrong fs type, bad option, bad superblock on /dev/fd0

or too many mounted filesystems.....

How do you even begin to trace the problem? This is getting very frustrating. Especially since the floppy was working before.