no the onboard bookmarks pretty much suck for now.
to delete one, longpress it and select delete.
as a temp workaround- install foxmarks (foxmarks.com) onto your Firefox if you use FF.
You can sync your bookmarks across all your computers seamlessly- and it will keep them in the cloud, so you can go to mobile.foxmarks.com on your G! and BAM theyre they ALL are - same organization too.
