I've succesfully "one-click" rooted my phone. (i followed unlockr)
I succesfully dropped the fresh 1.1 "update.zip" file onto my SD card.
I then booted to "Fastboot mode" using the "down-volume + power" method.
I proceed to click "home" for recovery mode.
My phone hits a hiccup and gets stuck at a black screen with the text "htc" logo in the middle of the screen. It does not proceed to screen to allow me to run "update.zip" to flash the new fresh1.1