There is an update for the V which changes the firmware to VM670ZV9.
Because the OTA is still broke they have been leaving text messages that read like this:VMFreeMsg A security patch is available for ur phone. Go to virginmobileusa.custhelp.com/app/answers/detail/a_id/5662 for info & instructions on how to download
If your rooted it will replace root. No tethering or hot spot either if you were 2.2.1