I just went to options and changed the option to "911 Only". The ))) symbol went away but I still have the "o" symbol below the signal strength. Do all 7250s have that symbol below the signal strength at all times?
It depends on the carrier if you have location based services.
Verizon has options to be able to look up the location of phones (as does Nextel), which is great for a teenager or contantly late deliveryman.
911 only means that only a 911 center that had cell capability can locate you.