The update brings the much needed optimizations and speed improvements to the phone, as well as the long awaited Adobe Flash support, and the ability to store apps on the SD card. Some additional features have been added with this update as well – added profiles, dialer search, a task manager, LinkedIn integration, increased security, and an updated Gallery.
The update is pretty big, at 112MB so make sure you’re on WiFi before you start the download or you’ll be eating up a huge chunk of your phone’s data quota. If you haven’t received the notification to download the update, head to Menu > Settings > About Phone > System Updates > and check for updates there. Let us know how it goes for you.