Yes, the Security Options wipe is essentially what the OP did to his phone.
May seem risky yes, hence the disclaimer, but i have yet to have a single problem with my phone after doing this. What are the chances that i happened to interrupt it RIGHT after it finished wiping apps? very slim i have to say at the very most. I didnt write this post for everyone to go out and try it, just thought it may be useful in some way for developers to add in an option for app removal only on a similar program.
Though it does have a similar effect i still think developers should give more options as far as wiping/restoring since backups are kind of a pain, its like reloading a computer with a bad image just to get your contacts and things back.
Every time I wipe my phone I can save my 3rd party apps, contacts, memos are deleted....etc. But my modules stay the same. How do I do a true wipe of my phone?
Followed by either JL_Cmdr or BBSAK wipe....then load desired OS.
Many people noticed that the phone behaves much better after a security wipe :)