No dice. I must note I am using launcher pro.
Strange, that makes no sense. Uninstalling updates just reverts it back to an older version (i.e. the one on /system). I asked to do this because once you install the theme, it replaces those older versions with the most recent, and themed.
But regardless, it doesn't delete the app, and shouldn't remove it from the app drawer, regardless of the launcher used.
Perhaps a full reboot of the system is needed?