While we were all sleeping soundly this weekend Verizon officially released an update to the Storm 9530 OS to version 220.127.116.11. The new version is a marked improvement over the shipped version but not the best out there currently.
You can pick up the latest version at vzw.smithmicro.com/blackberry/
It is available in both a web based and downloadable upgrade. Hopefully an OTA option will be available soon if not already.