[Hawk]

I always do a restore before updating. Old habit I guess, just because of the 1.1.1 "brick foundation" that Apple created.
Of course, I have to weigh the options before even considering an update.
The 1.1.3 or 1.3 or whatever it's going to be called, is going to have to blow my socks off in order for me to relinquish my current setup. As of right now, my phone works great, I have everything I need and couldn't be happier.
IF the new update carries at least 3-4 of the following MAIN items, I might consider updating.
1) multiple SMS
2) copy/paste
3) MMS
4) My Location - Google Maps
5) Landscape Texting
6) More camera options
7) video recording

There are a couple other things I cannot remember at the moment, and we all have heard the rumors that several of the items listed above are SUPPOSED to be coming. But, people have been wrong before, so I would not be a bit suprized if the new update is just another "fluff bug fixer".