How To Fix Broken Contacts Storage (Droid 3 v2.3.4)?
I just solved the contacts force close issue on my droid 3. I had frozen several apps with Titanium Backup. The fix was to unfreeze these 2 items:
  Yahoo contacts 2.3.4
and
  Yahoo! mail authenticator 2.3.4

Immediately my issues were resolved.

Running rooted stock rom 

Hope this helps others. I have benefited plenty from others' posts. :)