For those of you who not yet downloaded the update, back up your web bookmarks prior to downloading or you will lose them. Mahalos to Damien for his post regarding this issue. Wish I would've known BEFORE I downloaded it. All-in All, a very minor issue for most people, but, if like me, you have a lot of pages marked, best to back them up-I for one can't remember everything I had marked.
There is a solution to this if you were lucky to have your bookmarks in your Favs page. I lucked out. My most important bookmarks had been added to the Favs page. After the browser update, though my bookmarks in the browser were lost, I still had them on the Favs screen. So, I simply re-added them to the favorites list in the browser.