Ive done two. I guess a third wont hurt
Whoa! It sounds like a software problem by maybe it is related to a hardware problem. You may have to get a replacement phone (certified like new replacement clnr) under warranty. Call verizon. Explain the measures you have taken so far. They will probably ask you to do an fdr but let them know you have already done that twice. After they have exhausted ideas to fix the problem (usually that is once they suggest the fdr), they will order a replacement to be sent.
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Popo - I'm in a similar boat, post upgrade to ICS whenever I try and use my camera the phone locks up, says camera not responding, I tell it to close, phone reboots, gets stuck at small droid logo rom/bios screen. Tonight it took about 8 hard resets just to get phone working again. I am thinking I should have removed any third party camera apps prior to upgrade. Hopefully, update fixes, or it's a factory reset for me, then upgrade, good times. I really dug this phone until I was getting the update shoved down my throat.
Sometimes on the fdr, doing 2 in a row will settle things down. First try going into manage apps, camera, clear data and force close it.
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I know this is old but wondering if you found a resolution. I have done 3 FDR and still doesnt work. I know its not a hardware issue because I can access the hardware by using the face Unlock under the screen lock options.