Opera 11 bookmark panel favicons

For some reason, the bookmark panel favicons were not displaying. In their place were these boring "star in book" icons. It turns out that someone much smarter than me had already figured it out here. To save you from having to navigate further, here's the solution rehashed in my own words specifically for Ubuntu 10.10:

• In your favourite terminal, type: rm -rf ~/.opera/icons<enter>
• Restart Opera.
• Click on your bookmark in the bookmark pane. The favicon should update as the page is loaded (unless you opened the page in a Private Tab).