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I got push upgraded by Verizon yesterday. now my phone constantly reboots about every 20 seconds or so. I haven't hacked this phone in any way. I even tried to factory reset the phone but it won't. possibly because it doesn't have enough time before it reboots???
it sounds like the update did not get a chance to flash properly. You have to perform a SBF back to 2.3.4 then you should be prompted to download the update again. Make sure that before downloading the update you have plenty charge on your battery.
HowTo: Perform a SBF ("factory restore") of your Motorola Droid X2 - xda-developers
My phone is rooted. So I should SBF back to factory before installing the new update? If so, can I re-root again after the update?

simply install and configure Voodoo OTA RootKeeper, then take the update to 2.3.5, then use VOR to restore your root access.
Please explain. I have no idea what voodoor or VOR is?

I ran this app as you suggested and wasn't able to install the OTA update. I get an error that says "software update failed"
Guess I'll have to unroot to get the OTA update to work.
How are you going to root the OTA without first installing the Rootkeeper?I figured it out. I had removed a bunch of the bloatware apk files from my system/app folder and put them on my SD card. I copied them all back and then the update went fine. Now I just need to go through and remove the bloat again.
How are you going to root the OTA without first installing the Rootkeeper?