We started hearing word last night that this update is rolling out, and that seems to be confirmed across the board
. Hit Settings > About phone > Software update to see if it's available on your end. Thanks, Scott!
Verizon updated its support documents for the Motorola Droid Bionic earlier today with info of an OTA update that should fix a gaggle of issues with the device.
Among the fixes, you'll find improved 3G and 4G connectivity, "improvements in device stability" to "help avoid power cycles," improvements in the messaging application, and a fix for the issue that caused apps to disappear from the app tray when moved to the SD card, among others.