One of LG Electronics official forums moderator confirmed that LG Revolution will get an upgrade to Android 2.3 Gingerbread last night.
According to the same source the upgrade started late last night (October 28) and will rollout over the air (OTA) in waves. All Revolution smartphones will get this update by November 2nd.
More details on how to upgrade LG Revolution can be found on Verzion support.
source LG Forums via Verizon