Finally, figured out how to delete an archived App.
Go to the Blackberry App World --> My World --> Scroll down to App (they're listed alphabetically) --> Click BB button --> Click Delete. Reboot and you're all set. FTW!
For those who don't know what an archived App is... it's an App that is archived on your MicroSD card that cannot be run in its current state. You will have an icon on your BB (maybe in the Downloads folder), with a green arrow beneath it and if you trackball over it, it will say "App Name (Archived)".