Just got the update in Cary, NC. Took about 25 minutes total. That's the good news.
After the update, there was no power to phone even though it was plugged in. I pulled the battery, put it back in and turned the phone on. After it went through boot up, it found the Verizon network, ran media scanner and then it shut off. Pressing and holding the power button does nothing. I pulled the battery, put it back in and rebooted. Same thing. This time I removed and re-inserted the simm card. Same result. Next time after it lost power I removed the sd card before rebooting. Same thing.
Next time it powers up and appears to be fine. I can play music from google music.
I then went to maps and it doesnt lock onto my location. I close the program then bring up gmail just fine. I go back into maps and this time it finds my location, although the program then locks up. I'm able to get back to my home screen and then power down the phone. When I try to power up, it's dead in the water. I remove the battery, re-insert it and power up the phone. After rebooting, finding the network and running media scanner, it shuts down again.
I will be heading to a Verizon store when they open this morning and see what sort of bs I will receive from them. And I am not rooted.