Pre Update 1.0.3 released today!
Just came out, here are the known fixes, besides apparently making it MUCH faster all around:
Calendar
Events created in your Google calendar—either in Calendar on your phone or in Google online—that contain a symbol or accented character in the event name can now synchronize. Previously, including a symbol or accented character in an event name prevented the event from synchronizing.
Changes made to Google events on the phone now sync with Google online within a few minutes.
The sync interval for Google events has been decreased from every few hours to every 15 minutes.
Clock
If you create a weekday alarm on a weekend, the alarm sounds only on weekdays. Previously the alarm would sound on the weekend also.
Contacts
Changes made to Google contacts on the phone now sync with Google online within a few minutes.
The sync interval for Google contacts has been decreased from every few hours to every 15 minutes.
Email
Power performance in areas where wireless coverage is sporadic or unavailable has been enhanced.
Non-SSL Exchange ActiveSync (EAS) mail servers are now supported.
Other
Miscellaneous updates for Email, Phone, and other applications.
For those of you paying attention that's 2 updates already, 2 weeks apart, and I am sure bigger better bug fixes are on their way.