So I left it on until the battery wore down (decided it was better to wear it down rather than myself, lol). So this morning I tried to remember what I had done the last time to get this thing to update and it hit me. When the very first update came out I had the same problem and finally decided to switch servers and used Internet Explorer.
Sure enough, it worked! I followed the time frame Chris at Provo Craft recommended ( under his update at cricut.com). Even though the gypsy says "Do Not Unplug" after a certain amount of time, I did unplug the gypsy from the computer then plugged it back in and it just continued with the update. I had to do this several times to complete the update and was so excited when it said to restart the gypsy. Whenever I get this message I feel I am on the right track.
As soon I turned it back on there was the icon for the Imagine!! I hope this helps someone else and next time there is an update I hope I remember to start with Explorer first and not Firefox..