Ummm... because I don't really expect that to solve the problem given the fact that Apple acknowledged the problem and many others report it under a variety of circumstances. And I don't like pain.
Oh, and also because I also had the problem with 1.0 when running Aperture.
Thanks for the suggestions though...
As Dr. Cheesesteak mentioned (which by the way sounds good right now as it's lunch time) give the reformat a try. It's not going to do you any good to come on the forum and tell us your issue, we offer a viable solution and you decide to go against it which leaves you in the same predicament you were in before you posted.
Yes Apple has acknowledged the issue and is working on a fix but who knows when that will be as they have to work with ATI for the solution. Now this issue is not happening with everyone as I have had no freezing issues and I use my iMac's GPU to it's fullest and I'm updated with 1.1.
At this point try a restore or stay inconvenienced.