I must agree with everyone.  I too am having similar issues with my Razr M.  Most annoying:

1.  Battery power drain

2.  Test messages app isn't updating properly and the visibility is horrible.

3.  Bluetooth doesn't automatically connect when I get in my car.  I have to physically push the button to connect.  Plus the coloring of the connected bluetooth stays white, not blue where it visibly shows you that a connection is good.

4.  The overall phone is slower now.

5.  The vibrate options don't work very well when trying to select a vibration mode.

Verizon, please correct these issues as quickly as possible.  The update is a huge downgrade from what I have before.  I'd honestly prefer to just stay with the previous version at this point.