Took a while to get it activated - kept saying "cannot be activated at this time, try again later" or something like that. Third time trying it finally activated. Had to hold off on downloading 4.2.6 since I had a conference call for work

. I'll start that when my next call ends.
But so far, so good! I restored a backup from my Touch, and while it didn't move apps over (which is okay since my son has clogged it up with a million free games), it moved all my passwords over, so when I re-downloaded the apps, everything was already there and logged in.