From The Collaborative International Dictionary of English v.0.48:
Importantly \Im*por"tant*ly\, adv. In an important manner. [1913 Webster]From WordNet (r) 2.0:
importantly adv 1: in an important way or to an important degree; "more importantly, Weber held that the manifold meaning attached to the event by the social scientist could alter his definition of the concrete event itself" [syn: significantly] 2: in an important way; "for centuries jellies have figured importantly among English desserts, particularly upon festive occasion"
When I was a youngster, and doing dictionary exercises, we were never allowed to define a word by using the root of the word, or any form of the word in the definition. For example, we could not use “important” to define “importantly.”