With the issues now fixed, a new version of 7.8 Update has now started rolling out V7.10.8862.144.
As per Microsoft
Also known as Windows Phone 7.8*.
Start. Provides resizable small, medium, and large Live Tiles so you can customize your Start experience in new ways.
Accent colors. Expands the number of available accent colors to 20.
Lock screen. Improves the lock screen experience with accidental wipe protection features and the Bing image of the day wallpaper.
Marketplace and Xbox. Expands Windows Phone Marketplace and Xbox support to new countries and regions.
Fonts. Enhances the Chinese font and improves the appearance of Arabic and other languages.
Live Tiles. Fixes performance issues from a previous update.
Other improvements. Includes many other improvements to Windows Phone.
Having the 1st generation Lumia’s ? .. It’s time to connect your device to Zune & get the latest update.
Do let us know if the issues faced by you have been fixed ?