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Yeah, the recent .905 update didn't do much for stability issues. We've been having this issue for a couple of weeks prior to that OTA update anyway, so it wasn't this latest push that caused this.
I was just reading on another forum that ICS is being readied for a push to the beginning of Q3. The good news is that Q3 in just over a week away. But does that mean we get it in 2 week, 4 weeks or 6 weeks? No one knows.
As far as being stuck with a Bionic for the next 20 months...not necessarily. You can stick it out for ICS or say in 2 or 3 months, go ahead and go in store or call Customer Service; more times than not they will send you a "like" phone, equivalent to the tech/price of your current phone. You may luck out and get a refurbed MAXX or D4, especially if they pull the Bionic from inventory.