The Telus version originally wasn't very bloated as Sookster pointed out, nor did it come with any 'telus' identifiers in the first place. The OTA (over the air) udate everyone is getting DOES include the telus apps and whatever branding and changes they have done. When you get it you will still have all your apps and settings, as this is just an update to your current software.
Those here who used the "RUU" method (the Windows .EXE) actually wiped your phone clean and used a completely 'stock' HTC Desire image with Sense. This includes NO other apps or carrier brandings, and you are now free to get the future OTA updates right from Telus (as I understand it as long as you have your goldcard inserted).
No matter what you did or didn't, Im glad to see Telus has finally pushed the update so everyone can enjoy 2.2!
Zak