IPhone in Recovery Mode- Must Restore

Hey... I am having a lot of trouble. I bought an iPhone off of a friend.
Here is what is going on.
I turn on the phone - it says to connect to iTunes. I have done so (and downloaded the newest version of iTunes as well)
I connect it and it states that my iPhone is in Recovery Mode and that I must restore it before it can be used with iTunes.
I click restore and it begins the download process of iPhone software update.
It takes forever to download (I live in a rural area on SLOW DSL) \
After it downloads (for the 4th time I might add) it begins to inialize and then comes up with an error code stating iTunes could not sync to the iPhone '[iPhone ]'.
Can someone please help me. Apple is closed due to Thanksgiving holiday and I know nothing about the iPhone.
Thank you all!

It should have given you an error code along with the information that it couldn't sync. What was the code?
See this for a start: http://support.apple.com/kb/TS1275?viewlocale=en_US

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