I found a way to use the SPEED DIAL on my Droid X when you have your speed dial numbers set up then you get ready to make a phone call go to the dial screen, press and hold the number of your contact number for a couple of seconds (mine vibrates) and it will call that number!! I hope this helps
Ok!!! I got it working again. I did a factory reset. Settings > Privacy > Factory Data Reset. Just make sure you back up your apps. If you got apps from the market they'll be in the market and you can just update to reinstall them. Your contacts you SHOULD already have backed up through Google. Dont worry, it wont erase your root access or ROM's or anything, it just wipes the data on the phone, or something like that. Then it'll reboot and follow the prompts like you just brought the phone. My deodexed 2.2 and root access were all fine.