Try doing this with cricut sync if possible.
Keep it connected to power cord as it takes a while. I had to try twice before it update completely. If it just downloads then it is not done. You can always check by going in help and about in cricut sync. It should say content 0207.
Try also not opening any other window in your PC while updating. It stopped in mine when I did that.
It takes first downloads content which is within a minute
Then it updates content which takes about 10 - 15 mins and then you get a message do not turn gypsy off and after that it comes to your file screen on cricut sync. Once it does that just go to help - > about and check the build.Then exit and also check your G. G build in settings screen should be 0206:0207 and in the cartridge list in the main application-the minis - gingerbread etc and also the new lites should be there.