After all that waiting, Research In Motion has now pulled the latest BlackBerry PlayBook OS update due to amounting concerns from users who have had issues with BlackBerry Bridge after having updated. The CrackBerry forums filled up rather quickly with this issue and while there is some workarounds to correct the issue, RIM still felt it best to remove the update. As announced on the @BlackBerry Twitter account:
Some users were experiencing issues with Bridge & 1.0.7. We expect to release an update with a fix later this week
If you're experiencing issues, then by all means -- hit up the forums and see how you might be able to get things working correctly.