OK I wanted share my experience with everyone.
The basics prior to update - Rooted D2, Stock ROM, Titanium Bakup, Root Explorer, and Droid 2 Bootstrap/recovery.
After the update I was getting root access denied with TB and RE. I turned off my D2 and removed battery, hoping this would fix the issues. No Luck.
Also wanted to add that when I turned my phone back on I had to reboot from D2 Bootstrap/recovery.
So I rerooted using the 1-2-3 easy root process, had to run it twice, but got it to work the second time.
Had to go in to TB and click problems? to allow BusyBox to be reinstalled.
Everything is up and running at the moment, and I keeping my fingers crossed.
Troutbeck27