Just to make sure that I understand what is going on.
You say
When I first login it states:
Click Next to begin formatting the replacement drive. Re-synch will take place after the restart.
Vendor Model Serial Number Size
Seagate ST3320620AS 9QF5JZNQ 320 GB
Reconfigure to RAID 1
Where are you logging it to? I assume it is the webUI Configuration.
If that is so then it actually tells you which drive is the problem but you can check by going to the Status tab and checking what it says about the Hard Drive Info and the Physical Disk Info.
From the Physical Disk Info (look for the S/N and which slot the drive is in) you can find out which drive to remove. Power off and remove that drive (again check the S/N). Since you have a RAID 1 array you should still be able to access your data with one drive removed and don't be surprised if it complains about a degraded array.
Let us know if doing that allows you to get access to your data and if you are interested in checking the problem drive (we have seen a case where the drive was supposed to be faulty but all that had happened was a critical bit of info about format and status had been overwritten for some reason. When that was corrected the drive was OK and has been working for the last 3 years.