Worst case is I may need to take it to a genius bar. I hate to go there for something like this though.

Thanks for the responses. I did check just now and it says "This version of the iPhone software (5.0.1) is the current version" when I plug it into my mac and check for updates.

Folks, Ok, I know this will make me sound like such a n00b but here goes the description of my issue. There is a little red circle with a number in it (like you'd get for text message or email notifocations) on my settings icon. It's just a number "1". I have been through all my settings...