I guess I am confused....my market shortcut works fine.
Google is rolling out the update to the market that changes the name to "Play" (or "Play Store" - I don'y have it yet.) And when the happens, the link in the upper right of the app drawer, which point to the "Market" app, now points to nothing and gives an error message when tapped.
As dumb as the new name is (really, Google - is "Google Market" not a good enough brand name?), the fact that they do not leave a stub app that leads to the new store under the name "Market" was doubly dumb. I can imagine that millions of not terrible tech savvy Android users will be totally confused that they cannot find the Market on their phone.