Got an message back from Tech Support. That little control panel app is actually an error reporting widget. It reports back to the Lit people on what the web page is doing as it loads on various systems and web browsers. Once they get the kinks worked out it will go away... until the next upgrade problem.
When I checked last night, I had categories back on the My Author tab, and stats on the last couple of posts. Just checked, and I still have categories, but the stats have went away again.