Verizon pushed this upgrade to me and being a newbie had thought that this was a just an update. At the completion of the upgrade it had done the following:
Reset all of my Motorola Phone Widgets to blank
Cleared my "In Case of Emergency" Phone numbers
Deleted all of my folders
Uninstalled systems applications like Text Messaging,Dialer and Contacts but left broken shortcuts on the main home page
Reinstalled applications that I had deleted moved back to Market