Zodc - be very careful using that option. From now on (version 3.5.1 forward) you should not use it unless instructed to.
Starting in 3.4.9 the theme options are stored in one row of the database. If you had a previous release, the row should have been built from your 3.4.6 or earlier options. There was some problem where it didn't get completely built.
If you now go and make a bunch of changes to the options and then go and hit that button, ALL YOUR SETTINGS WILL BE WIPED OUT.
So be very careful using it or telling someone else to do it. BACKUP YOUR DATABASE FIRST
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Juggledad | Forum Moderator/Support