Thanks, phil, for the quick reply!
Obviously I know next to nothing about the software end of things, and little more about hardware. I guess now I have two separate issues:
1) Taking the amp somewhere to have it looked at will be a chore. I live in hickville central PA, three hours from any real civilization; I don't know anyone who actually FIXES electronic equipment anywhere near me. But I will try.
2) I really need to know if my impression is correct - that the Valve Mk I CAN'T use the Line6 patch software. If that's true, I'm in a tough spot. I've got 9x4 sounds in that sucker for 50+ songs we play, and without it, the show can't go on. We've got paying gigs almost every weekend now. I don't use any effects except what the amp has built-in, so it's essentially irreplaceable if it dies. If I'm wrong, and it CAN use that software, I need to back up my sounds ASAP just in case... at least then I could buy another used Line6 amp.