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I thought at first it was just lagging so i left it. I installed mine last night at 11:30 pm and I woke up at 8 this morning to see the same thing. Black screen with a white circle in the middle with the "M" motorola sign.
Try turning it off, then start it while holding down x on the physical keyboard. When the triangle comes up press the camera button and volume up button at the same time (might take a couple pushes) thatll bring up a menu, use the physical cursor pad to select reboot.
after i updated it took about a good 30 seconds to get past the red eye, I then restarted the phone again and it was back to normal. no problems since.