Ok kids. So. I've done quite a bit of research and much trouble shooting. Thanks for all of you who tried to help. It appears that the ball is now in Apple's court and let's hope they shoot because all of us are tired of waiting for a fix. To date I've had a few more bugs pop up that I thought I would share here in case anyone else wants to weigh in. Here's a recap of all my lovely little bugs...
My IMAC
Finder is abysmally slow
The beach ball seems to pop up everywhere--especially with Finder and OFC for Mac. Productivity on my IMAC is practically at a stand still.
Two finger click stopped working
Two finger scroll stopped working (not at the same time as the click)
Both of those were restored with a restart. Whew!
Google chrome keeps crashing - it appears that Google Helper and Google Pepperflash regularly stop responding.
My Macbook Air
My voolume buttons and brightness buttons on the keyboard quit working - they have not been fixed - it's happening to a lot of people but no one has a fix yet. Restart doesn't seem to work.
I encourage everyone to report any bugs to apple and as many times as you are willing to make an impression! Here is the link: http://www.apple.com/feedback/macosx.html