Too worried to upgrade software. The pros and cons

From a NOkia lover to others, 
I am all for making improvements and fully understand that we can't always get it right first time every time but atm I am too concerned with the fact that updating my software will create problems that are non-existent in my eyes.
My girlfriend updated her (my old) N70 software last week and now her phone is in the repair shop. This could just be a coincidence but....
I had an N95 (on orange) and was stung when the "unlucky for some" version 13 was installed on the handset. See the epic thread here "N95 firmware upgrade affects battery life" (couldn't post link) 
I carried out the full back up to my card as instructed but the games I purchased would no longer work so had to re-buy them. The battery life was killed in eight hours due to the wlan making a connection attempt as long as the battery would allow it to happen. The point is... all of this was not happening before the update. 
It was that bad that in the end I was forced to upgrade / get a new contract before I was entitled to one from Orange and had to fork out for two contracts to get the handset spec I needed.
I now have an N95 8GB and have no qualms with it what so ever. It has version 20 atm and pc suite informs me there is an update every time I boot the program up. So far.. I have declined to update.
So what are the pros and cons and is it more of a risk to chance losing the licenses I have paid for and update if nothing is wrong?
Best Regards
SgtTrojan 
The swordsman that goes to war thinking of saving himself had better not go to war at all.

I myself am also worried. A friend of mine told me if there is no porblem with your current version of firmware for your phone then why update? It is not a assurance that after updating there would be no problems/bugs with the new version.My friend has a point. Why would we update if there is no problem with your current firmware version? Some would say it would be faster, there would be more improvements to the music ( which I know would be depending with your hardware and not the software).
I am thinking of updating my firmware with a Nokia Service Center here in my country (Philippines). It is for free at the moment because my phone ins under 1 year Warranty. But I am thinking twice after what my friend told me.
I hope my opinion helps you all out here.

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