While backing up my iPhone 4 with iCloud, it stated the update was completed, but I had a few more steps to follow.  This is where I messed up.  I hit continue and got stuck to choose a network.  I have Verizon, so when I selected Other, I got stuck!

I was backing up my iPhone using iCloud.  It stated the update was completed and to select continue.  Now I have to choose a Network???  I am with Verizon, not Wi-Fi, even though we have Wi-Fi for my laptop.  Selecting other asks for Network Name and Security.  I am lost!  I cannot get out of it!

Assuming the phone isn't jailbroken, the basic steps (as needed) are:
Restart phone (you already did this)
Reset phone
Restore phone in iTunes using a backup
Restore in iTunes as new, without using a backup
See appendix B of the User Guide for details
http://manuals.info.apple.com/en_US/iPhone_iOS4_User_Guide.pdf
If your phone is jailbroken, this is the most frequent cause of the problems you described.  Restoring could permanently brick the phone.
Note that your iOS is old and the current version is 4.2.8.  It's odd that it wasn't updated when your activated your phone in iTunes, being that you got it last Friday.

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