Nope my printer is not on the list...
I have updated everything and ML is simply not recognizing my printer...
I need to go back to SL
You stated your printer was "HP PSC 2350"
It is the third one listed up from the "HP Officejet printers" Headline.
Listed as "HP PSC 2350 Series"
Per HP your printer is supported on ML.
Check your cables, directly plugged into the Mac?, check your power, check your Mac App Store updates.
Have you found another solution by now?
Edit: Add below
Have you tried this?
If the same persists, download and install this package:
http://support.apple.com/kb/DL907
If there si still no difference try resetting the printing system, re-add the printer and check for any change:
*Be aware that resetting the printer system will remove any existing print queue and reset any customized driver settings.
Click the Apple menu, and then click System Preferences .
Select Print & Scan.
Right-click (or Ctrl + click) your product in the Printers list in the left panel, and then click Reset printing system .
Click OK to confirm the reset.
Type your user Name and Password .
Click OK . The printing system resets.