I think most of us here agree that our past belief in the JW organization as being god's sole chosen people was delusional on our part. For myself, when I lost that delusion (fairly abruptly too), I came out of a long period of depression immediately. While I was incredibly angry at having been decieved, I can't say that that anger translated into any other negatives, in fact, overall, I think my general level of anger, even at elders/the gb/etc subsided, as I now understood why they do what they do even better than they themselves understand it.
So in my case, depression was not at all a product of losing my delusional beliefs. I'm curious though, if other people have had an opposite reaction? I've heard it said on more than one occasion that losing one's delusions can send one into horrible depression, and I'd be curious to hear of any real world experiences with this happening.