Meh, I did a factory reset after getting 5.0.2 and everything was pretty similar to 4.4.4... except Play Music. Even Facebook was fairly reasonable, although the initial load took a while. Anyone who is complaining about Lollipop performance without trying a factory reset is wasting their time.
The 5.1 update has it running better than it did with 4.4.4. But I'm still having problems with the Play Music app. I haven't tried uninstalling the app's updates, then re-updating it, but clearing app data/cache and wiping the partition cache haven't alleviated the problems. Is anyone else experiencing this problem or am I just the lucky one?
Re: my Nexus 7 2012 and the 5.02L update, let's see:
1. Wiped System cache? Check.
2. Removed all home screen widgets and groups? Check.
3. Facebook? Rarely use it, but I deleted it anyway.
4. Factory reset? After all of the above failed, yes twice.
After all of that, no joy and the tablet still locked up REGULARLY using Chrome, Play Music (I am an All-Access member so it not working sucks) and many other apps. And I mean locked up to the point I had to lean on the power button until it finally rebooted itself.
So while I'm glad yours is running well, mine certainly was NOT running well (or at all). Therefore, I am skeptical when reading the very mixed reviews of 5.1L here because in the little spare time I have to use my tablet for my own personal enjoyment, I don't want it wasted going through all of that when I can simply stick with what does work and get on with my life.