I noticed the same thing, and now the speed dials I had setup are no longer working on my Razr M. I am not happy. Furthermore, Draw Something no longer works, and the Weight Watchers app (which, thankfully, I use a LOT more than Draw Something) does not allow me to scroll down past what I see on the screen, even though there is more than one screen's worth of info entered.
Is there a way to roll back to 4.0.4? The coolness of the new interface is NOT worth these headaches.