I'm in exactly the same position. Am on 4.1.2, have been since I bought it in December 2012, and it constantly wants to update to 4.2.2. It comes up every hour or something daft (I know I can't watch a film without it coming up at least once). If I try, it's bellyup android man with warning triangle, and then reset back to same version as before.
I have spoke to google...who say it's an Asus problem (as I didn't buy it direct from the play store), and Asus do indeed say it's a RMA. However, I've not taken the leap to be without it for a week or more.
This seems to be somewhat pants, seeing as it's a software issue. Just give me the update as a downloadable...without all the rubbish about bootloader and unlocking. It's files on the system that need to be added / replaced by others. Why do I have to send it back at all for that???!?
Just fix the update that it's struggling on now!