I found an alternate solution. I was able to successfully update the firmware using the Dell Nautilus utility.  At the time of this post, the latest version is at [URL] I downloaded the exe file,  extracted the contents,  burned the ISO image to CD and then used the CD to boot up the utility on my server.  
I have 2 Seagate 450gb drives (model ST3450857SS) in a PowerEdge 2950 server running Windows 2008 R2 with a PERC5 raid card.  The 2 drives are in a Raid 1 configuration and are in an optimal state.  I run the update package Drive_Firmware_V38WK_WN32_ES68_A07.EXE to attempt to update the firmware on the drives from ES02 to ES68.  I get "The update completed successfully" message and reboot.  Unfortunately the drives are still at version ES02.  What am i doing wrong?  
Firmware Update is not sticking