help with t mobile my touch 3g?

I have a mytouch 3g and I was forced to do an update to a new version. After I did it my phone is slower and it totally sucks now. I can't get to my pictures, text messaging takes forever and it takes me about 2 minutes to make a call. The phone is all paused up and freezes. I'm so pissed. Is there any way I can clear my phone of messaging and stuff and start over? I've tried the regular deleting text threads and it does not work since I have so many backed up. I couldn't be anymore frustrated and pissed off right now. This has been going on for a month since I did the download. Please help
 
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