Yes, you should use the Update app to get the latest Dingo update.
The hibernation issue appears to be limited to the larger EE, but a handful (a small number) of PE users have a white-screen-of-death (PE), although I personally haven't had that.
Since you're getting the unit "new", I recommend upgrading to the Ermine release and see how it goes, as the Ermine/Android 2.2 has many advantages. If you have any issues, you can always revert to Dingo.
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