This update should be pushed to us non-rooted (yet) Verizon folks eventually, right? I'd rather not have to wipe, etc. in order to update.
Also, just a warning to those thinking of using Kingo to root- the XDA Mods have disallowed discussion/ links to this method on their site due to questionable circumstances involved in the process. Apparently, the creators may be gathering sensitive info about the phones- serial numbers etc.
KingoApp - Page 5 - xda-developers
Use at your own risk.